So we dropped rate to Zero and printed 27% of M2 global US money supply in a few months, more money than made in prior 200 years.

I agree with Bruce.If they were up to code when installed they should be fine.That said I like to get my own inspection and appraisal prior to listing. 

The payment they make goes toward November and next one December…Now as the lender you can also say “we are only accepting full reinstatement” which is November through April and if they send money you can send it back or hold in escrowThis is why a servicer and attorney come into play because I have seen people go to foreclose and prior to foreclosure accept one payment and in that state you cannot then foreclose.

He is not in great health overall even prior to the stroke. 

Existing tenant quality is subjective, and unfortunately, obtaining existing credit reports from prior owners may be hard to obtain.

More generally, the splits and structure should be determined by the GP's role,  contribution and what type of value is being brought to the deal and/or was created prior to the inception of the partnership/syndication.

Prior to the move-in we completed background checks, references etc and did a walk though.

Research the prior owner, property records, permits, etc.

Hopefully you have access to the cash lined up prior to making the offer. 

The second guy was a real-estate professional from Australia who had invested with Ohio Cashflow about a year prior.