Floor has a slight slope to it.3. laminate flooring was put in incorrectly 4. stress crack along with minor water damage on ceiling and walls5 new roof6. no appliances 7. the washer and dryer connections are in the kitchen8. has no central air (95%) of the houses in the area have it 9. need landscaping 10. gutters11. wall trim is in pieces12. some paint since im sticking to white ( very popular in the area)13. doors need replaced14. full remodel of the bathroomAlso the furnace and water heater are exposed in the bathroom (looks very weird) and it does have a garage or a basement but crawl space.

You have no idea what the local laws or quirks are and you will totally regret not having an agent.  

I've always suspected--but I don't actually _know_- that this may be nothing more than someone refinancing their prior mortgage, and it shows up incorrectly as a change in title when the prior mortgage is wiped out with a new mortgage.  

The flow rate is 242.58 gallon per hour.However, based on the water flow rate in a 1.24 inch pipe with velocity 0.3 feet per second, the flow rate is 83.92 gal/hHowever, we do not believe the water readings because it is scientifically incorrect.  

@Hernan Guelman, the only reason I felt the need to suggest NOT raising your deposit percentage is that @Mike Makkar wrote: "the only way to make this property cash flow positive is increase your down payment to 30 to 35%" - which could easily have been (incorrectly?) 

However, we do not believe the water readings because it is scientifically incorrect.

They aren't counting mortgages, which is why "10 mortgage cap" is an incorrect way to think about it.

But I have to guess that, with an average rent of ($6,900/12) $575 per unit, per month, it isn't an A/A.My biggest fear is that you might be (unintentionally) portraying this incorrectly to a J/V partner.  

Also, uneducated consumers and industry “professionals” tend to spread incorrect information and theories.

That is a factually inaccurate statement that you made based on your interpretation from the article and while I'm not trying to argue with you, I need to point out that you are incorrect with your conclusion, on every level.I think you missed the spirit of Mike's article.