@Kyler Tarr it's good you haven't had an issue but you also mentioned your property has some knob & tube.  

I think a lot of the midwest cities will capitalize on that in the coming years with the housing affordability issues the country as a whole has been having.

Zoning and Regulations: Even with SB-9, there are some restrictions, especially regarding fire hazard zones or environmental issues.2.

The main issue I have is contemplating the baloon payment at the end of the 2nd year and refinancing the remainder with a bank...how can I compute that into calculating the IRR?

Look into asset classes with stronger cash flow, such as small multifamily properties, short-term rentals, or mobile home parks.

As far as financing, if you have real CF then it shouldn't be an issue.

Scott's issues, via the American Arbitration Association.

It does however give you a degree of independence to choose what you want to do.As your portfolio grows you'll also feel the weight of future capex responsibility more, which ironically points you to growing more cash flow through more real estate.The other issue is that you are chasing a moving goalpost.

I assume he does, and with this partnership tax return he issues Forms K1 to you and your partners.

As much as I can I try to keep my clients out of serious foundation repair as it is typically not a one time repair, but an ongoing issue over time.