He HATES raising money and dealing with investors, but loves sourcing deals.

I plan on raising rent for upstairs unit from 750-1000.

Which raised some red flags for me.My concern is I don't know the real reason why the seller is selling the property. 

If we get to know your name due to payment issues, we raise your rent. 

The Lead investor is the one finding the property, setting up management, raising money, managing repairs and upgrades, dealing with insurance, making distributions to investors and completing all the tax documents for the investors. 

I could raise money and bring in partners, but I'd prefer to own 100% of both the business and the real estate.

One of the things that I have noticed about most people that are raising capital is that they lack a real background in what they are supposedly experts in.

I took out the LLC and contact info since I didn't ask if I could share it. too small. we stay in the single family, triplex, and then 150+ units and above 10 million in construction values to get to instittuuioal level capital and income. you need to underwrite 3 million dollar checks. he's probably raising from friends and families on his first deal but I wouldn't touch a deal with my own money without non recourse debt or a clear development plan and exit.

This might improve your NOI and slightly raise your ROE while you try to decide. 

I have considered enclosing it with another railing to keep the look, raising it, or adding a top rail above it.