Anticipate what prospective tenants may ask questions about, and beat them to the punch.  

You definitely cannot wait in the anticipation of downturns.

We anticipated having to rehab for about $50-60k before we knew about the girders/sister joints. 

Lastly, I've seen fewer good deals for SFR's as realtors have started to push prices in anticipation of the demand.

@Peter Bui I think you need to recheck your mortgage numbers and I would anticipate additional capex and repairs in this type of product and age of the triplex.

Your partner would need to purchase at least 2.7 mil in real estate using 1.8 mil in real estate.Your scenario anticipates that you would take out the same amount of debt but purchase less than what you sold. 

Slightly sloping lot.What I'm looking for from the BP cognoscenti is1) approximate anticipated cost of said foundation. 

This is will be my first one as well, so I will be watching with eager anticipation. 

Our financial arrangement is my partner will put the 10% down for the HM lender, and pay closing and holding costs ($65k anticipated) My construction company will be doing the renovation, and I intend my company to bill our partnership for costs incurred (direct cost, no markup obviously).

Since they won't actually be signing a lease until the move in date, what would be the best possible way to write up the transfer of this fee and still be protected on all sides to be able to keep it if they decide to back out before giving the rest of the funds needed to move in (which of course I don't anticipate happening).