Though I’m not new to investing, I am new to formally analyzing deals.

--Address--Appraised value--Condition of home6)Send a formal, typed letter to the owner (what address do we send the letter to?)

--Address--Appraised value--Condition of home--Ect...6)Send a formal, typed letter to the owner (what address do we send the letter to?)

I realize I never formally introduced myself after engaging with many of you and getting a warm welcome and lots of great advice!

Hi Ricardo Welcome to  Connecticut MarketBidgeport is a good market depending the area like any market you can be in a nice are and 2 more  blocks down you'll be in a war zone but the best part is that bridgeport has the most affordable market compare with the others cities closed to NYC like norwalk not even talk about Stamford here the taxes are little high but  the income compensate that be careful with Real Estate Agent that says they are Investor Friendly and they just want you to buy at high price so they get a good commission but over all bridgeport is a big city trying to get betterbest area is black rock but is expensive, Hallow are is good for cash flow but a lot of the area is hot zone, east side war zone but could be some ok section, north end on the border of Trumbull nice are, east end like Stafford ave and Connecticut ave this are in this days is war zone. all of this areas and what I said about them are my point of view so you can see what others investor says about it wish you the best on your investment and see you on the top :-)

The maintenance staff goes out to these properties daily & they send them in to the office staff to catalog, send to owners, make formal estimates, save for evidence in court etc....

Hello BPers.I'm looking into converting the seldom used formal living room into a master suite with private full bath. 

Thanks for the responses guys.So if I am understanding things right, my partner can bring the down payment, he can be the one on the loan, but we could still have a formal JV or Partnership agreement between us where we would split things such as interest deductions & depreciation as well as cash flow and long term capital gains '50-50'?

There are multiple ways for him to get water, he has a 2.5acre lot bordering 2 other city owned streets (my lot is only .24).

So in my state you have an inspection period after which there are options: present a formal "inspection objection" whereby you either withdraw from the sale, or request certain items to be remediated, or you ask for a cash discount so that you can remediate those items yourself.