Thoughts on purchasing a multifamily with fuse boxes..9 units, so a decent expense to update and the one thing that could make or break the deal.  

The property is 100 years old but has updated wiring, plumbing, and units.  

You can keep the same entity to conduct real estate transactions but it’s important to update to the operation agreement before doing so.

If not, I recommend commissioning one and only taking their counsel on tax-specific questions.I have a list I keep updated and recommend through our REI bookkeeping firm if you don't currently have one.They can walk you through exactly what you can and cannot write off during these trips and what you need to document in order to write things off.It's not necessarily a simple "yes" or "no".

Many syndications will have special days or events for investors to visit the property to see how things are running, see improvements, ask questions, etc.I invested in a syndication last year and have been invited to several events already, plus they give regular updates on improvements and performance.

If they wanted to pay for the updates and agreed to restore the property to its original condition (if you wanted them to) after they left, you would need to allow it. 

Curious how the next shipments have gone and if you have any updates on Legacy. 

That'll be our next update.

I'll just add, that if you've done these types of deals or similar deals before, having accurate and up-to-date financials (aka bookkeeping records) for those previous deals to be able to analyze the numbers would be a great tool to use to make informed decisions about future deals.And, even if you haven't done deals like this before, keeping updated financials for the deal you're doing is going to be huge as you're making decisions throughout the rehab.We call these data-driven decisions.

Comp-sets & Pricing: Update your weekly and monthly discounts to match be competitive with the markets.