@Gray Cato Do you have an area in Birmingham metro in mind?

Erin Wicomb great job clearing everything about the syndications and also David Thompson has some really good information about syndications on BP blogs and also on there website www.thomsoninvesting.com

@Jake Thompson yeah it's this program

Thinking of using gray neutral, but let me know! 

I am looking in Franklin, Nolensville, Arrington, Spring Hill, Brentwood, Fairview, Thompson Station, North Columbia.

@David Thompson thanks for the information, appreciate the tips you listed out in your blog posting!

@Ryan Thompson This is the very reason I decided to table the property.  

I can see it being a big gray area legally should anything go south.Any licensed people with thoughts?

By updating, I mean simple things like trendy paint colors (pale grays, browns, etc...), painting over interior exposed brick around the fireplaces, neutral colored carpeting instead of the stained pastel blue carpeting, painting honey brown cabinetry white, replacing beat up brass light fixtures with inexpensive nickle or chrome fixtures, etc...

If it is ethical, please still let me know if there are any gray areas, or things I need to be careful not to do.