And I'm having a hard time convincing our bank to allow this large a check deposit through the mobile apps (when they have one, ugh community banks sometimes)... unless we want to upgrade and pay for the privilege of their "treasury services".Thoughts?

Most of the syndications I have reviewed recently involve upgrading C class buildings so they can raise rents and therefore values to generate good returns.

Only thing we'll need to change is rehab costs I'm sure, as we've only seen one unit so far and I'm sure we'll need more than $10k total, but we plan to upgrade the units slowly as tenants move out. 

@Jim Adrian it’s a complete guy, sans most of the flooring, because the place has been vacant for 10 years, the plaster ceiling is falling down everywhere, walls need to be reconfigured to make it fit a SFH instead of a Duplex better, Mechanicals all need replacing due to rodent/critter damage, and city code will require electrical service upgrade and new water service, etc… It’ll be a fun project, has good bones, just the soft meaty stuff inside that sucks.

This allows you to force appreciation thru the repairs/upgrade to Fair Market Value condition (Rent ready). 

. # of doors, I’ve found that usually the 3-5 door range of good cash flow is when upgrading your accounting system makes the most sense.

Market rent is $1200/unit/side without even upgrading it.

If people buy into the neighborhood are wanting square footage or number of bedrooms etc and don't care about upgrades, you have to take that into account.

When I am asked this question, I do share that I am PART of the ownership group on the property and decisions about upgrades, rental rates, etc are made with that team. 

If she still likes it, offer her the BIG UPGRADE!