I am currently in process of creating a partnership with my high school classmate.

thank you Anthony and Manolo,Manolo - you are absolutely right that we just need to accept it, we are writing it off as "school fees", lesson learnt.

We own a business in Germantown and have two children in private school.  

A perfect young single woman putting 20% down and great job as a new teacher in a close by school...

It is located in an area I am very familiar with, in a high income neighbourhood on a quiet street near parks, schools and all other amenities.

Ask about vacancy rates, tenant quality, schools in the area, and the overall characteristics and outlook for the neighborhood.  

You will run into trouble if you slack with cost or schedule control, and I have paid my tuition in the school of the hard knocks myself.A project of that scope, in my opinion, would be a "barely worth looking at" project from my perspective having done 25 renovations, 17 of them total guts, 11 of them over 100k each.It is a personal opinion, and it is not because the money isn't to be made there.

Here is just one developer at the helm http://matthewsllc.com/ .The City of Mishawaka which in my opinion is joined to the City of South Bend at the hip has the second largest retail corridor in the entire State of Indiana and a highly desirable school district.

Of course an upstairs will be warmer than a downstairs; heat RISES (these morons must have slept through basic science in high school). 

I just moved to the area for school and I'm looking for my next investments in A2, Ypsi, or maybe Detroit.