It's an off market deal and the owner has his brother as realtor and they just aren't very open with information critical to the proofing of my analysis step.  

Starting with legalities is important, having a good Real Estate contract is critical in my opinion.

There was a lot of hard work, determination, and persistence in this project.Rehab Budget Row Labels Sum of Amount Details of Rehab Exterior Improvements $367,020 1) All Exterior Carpentry, Brick and Painting Work2) Tree Trimming3) Foundation repair work for 2 building4) French Drain to reduce soil movements HVACs $146,307 New HVACS replaced as needed Interior Unit Rehab $502,094 1) 5K Budget on average for a unit interior.2) Total 81 units remodeled including new painting, crown molding, new vinyl flooring, new stainless steel appliances, new fixtures, resurfaced countertops, new light fixtures, new ceiling fans Landscaping $30,000 1) Landscaping near Office area and Villa Lighting $6,932 3) Exterior porch lights and critical building lights Maintenance Tools $10,653 4) Maintenance tools such as HVACs Gauges Office/Laundry/Community $76,718 1) Office were renovated completely.

You just criticized Omar Khan for playing the “what if” game then you immediately started playing the “what if” game with an optimal real estate scenario.

@Ivan Barratt - you are to blame for my descent into the K-1 details as you showed me just how little I knew about the topic but how critically important such knowledge is! 

This is a very important topic, because it is critical to understand when making decisions.

@Mark ZarragoitiaThe relationship and fees will depend on the type of advisory company, but having an expert on your side is critical when investing in non traditional assets. 

Hello All,I have been identifying properties in the Richmond area that I might consider purchasing but wanted to see what the average cost of certain critical factors were.

Also income from the other units would be considered.Given what you are saying, you are likely working with limited income, so rate is going to be critical for you.

I haven't done a lease option before, so again would greatly appreciate any criticism and feedback.House is a 3/2 in a very desirable area.