If it's just an "old building" without any architectural significance, history etc then yeah I'm all for replacing it with something more beneficial as long as it's congruent with the character of the surrounding area.

Character flaw, my grandfather taught never get even, get even 3 times, 1.to get even 2.to equal the original deed and place the doer where they put you 3. punishment for doing it in the first place.

Color adds character to an empty house and when it is a rental, small features that make it feel new and inviting help.

All new with a lot of character.

I just got my first property, I too am on the higher end of comps and I'm getting all sort of characters that look great and end up failing my screening.

Withoutknowing the details I cannot suggest which would be right to add on.Several you should pay attention to are:- Ordinance & Law: Provides additional building coverage to deal with rebuilding costIncreases due to changes in Zoning or Building laws- Personal Injury Liability: Libel, defimation of character, wrongful imprisionment, etc.

Just in the past couple of weeks I've had a few shady characters through BP and some other means contact me to try and do deals. 

They already proved their lack of character to you, so why expect that they will change and take responsibility now?

Withoutknowing the details I can not suggest which would be right to add on.Several you should pay attention to are:- Ordinance & Law: Provides additional building coverage to deal with rebuilding costIncreases due to changes in Zoning or Building laws- Personal Injury Liability: Libel, defimation of character, wrongful imprisionment, etc.

You should check in with your CPA/Accountant.Investing in another syndication(who will do a cost segregation) will not solve the issue of exiting a syndication with a large gain.The character of the gain is different -The new syndication will generate passive income while the syndication you are exiting is generating portfolio income.