What's at risk is it may not cash flow and renting is not so common in South Jersey, but I would feel more comfortable investing in a good area where schools are decent to good, and tenants are likely to care more.

Sam you can do ground up and there's no competition. areas like florida city, homestead, Vero beach, depending on your comfort level.

Every partner I've had over the years starts there and when they're comfortable with the capital they have then they can branch and purchase some long term assetts.

If the HVAC was only 3-5 years old, I probably wouldn't think it was going out and maybe not have as much cash saved for it, but if it was 20-25 years old I would think it will die soon I better be prepared.You just need to take a look at your properties, understand the risk profile of each in terms of when certain CapEx items might need replacing, and decide if that is the risk profile you are comfortable with.

You have to decide how comfortable you feel. 

It’s where I’m more comfortable at.Also, is bringing the deal to the table not enough anymore? 

What's at risk is it may not cash flow and renting is not so common in South Jersey, but I would feel more comfortable investing in a good area where schools are decent to good, and tenants are likely to care more.

What's at risk is it may not cash flow and renting is not so common in South Jersey, but I would feel more comfortable investing in a good area where schools are decent to good, and tenants are likely to care more.

What's at risk is it may not cash flow and renting is not so common in South Jersey, but I would feel more comfortable investing in a good area where schools are decent to good, and tenants are likely to care more.

I am looking for any input on how to structure this deal and make both sides feel comfortable with the amounts.