If you're interested, I can share with you why I did that and my strategy moving forward over coffee anytime.

They could be fine for another number of years, or catch on fire at any time, so I'm glad you're replacing it (the only legit solution unfortunately). $10/Amp is a fair price around here for a basic panel swap (~$2k for a new 200A panel, you might be able to get by with 150A depending on your loads).

Well, if you're going to be holding the note for a very long time and don't plan on refinancing any time soon, buying the rate down can be a huge advantage. 

100/sqft on a full gut sounds about right - This includes new roof, siding, windowns, electrical, framing, etc - basically everything besides foundation and structureFor a more cosmetic rehab with minimal expenses and alterations to electrical, plumbing, etc you are looking close to 50-60sqftFeel free to reach out anytime and I'd be happy to see your numbers and the project. 

So I tell most that it is best to try to get properties right now in the best location possible.Reach out anytime!

Feel free to reach out anytime.

So one partner has to risk losing 100’s of thousands of dollars while the other partner risks nothing and can walk away at anytime?

Honestly I don't see the market lowering home prices anytime soon or rates dropping any time soon. 

Feel free to reach out anytime would love to answer questions and get to know you.

My understanding is that house rules in Alaska can be updated and changed at any time for the benefit of the living environment, however I'd like to roll them out in a smart and friendly way that gets tenant buy-in and don't want to have to change them constantly to try and keep up with the infractions......