It will take a huge amount of work to upgrade the property which has not been properly maintained, so we'll be doing a lot of infrastructure rehab including adding HVAC/AC, upgrading the wiring, and bringing the old floors back to life.

Hello,First time poster and fairly new to real estate investing.

I have been doing fairly well, taking in consideration the little time I'm on it, but it's a lot of work.

@Tom S.Thank you for the great advice, I will definitely make sure the inspectors check against the code book, its a duplex listed at 69k currently but foreclosure company seems eager to be rid of it, so the price should be fairly flexible.

There seems to be a strong desire to embrace and maintain the ethnic/cultural character of this neighborhood and precluding predicted gentrification in the area with the development of the MetroHealth complex. 

However, the outline below is fairly standard across most business plans.Executive Summary (Objective, mission, keys to success, etc.)Company Summary (Goals, operations, ownership & personnel experience, etc.)Market Analysis & Strategy (Approach for finding deals, investment strategy, etc.)Financial Plan (Startup costs, leverage, reserves, etc.)Exit Strategy (Timeline or milestones for exiting or refinancing investments)

From what I remember they seemed to be a fairly small outfit out of PA. 

Just make sure you maintain a financial cushion for emergencies.

In the end, I felt I offered a fair resolution but left with a sour guest who might leave a bad review.

Having them each inherit a duplex is a powerful way to set them up for financial success while maintaining cash flow for your future retirement.Overall, your plan is ambitious but entirely achievable.