With a 12 unit building the appraiser should put a fair amount of weight on the net income when valuing a property.

This will cause them to get top heavy and they’ll either fall over because the root ball can’t handle the added weight, or they’ll just snap under the extra pressure.All this I envisioned happening to the roofs and power lines around these vacant houses as I lay cuddled up in my warm bed.Since we had no tenants, all we could do to protect these properties was get faucet covers on the spigots, make sure the heat was on and pray that a pine tree didn’t snap and cause the power to go out.

Financially the deal has 4 points that carry the weight:50/50 after ALL costsa $10,000 fixed fee for the general, administrative and construction management expenseSince they are RE brokers too, a 6% fee as a commission for the marketing and sale fo the propertyIf my property becomes a 'pre-sale' or model to build another home for others by the GC , I would get 15% of the profits after all costs; none of my monies would come into play.

The "new" portfolio has: Weighted average FICO® credit score at origination= 752; Weighted average original LTV ratio= 74%.

I ended up keeping the profit and paying tax on it.  :-(  But I didn't lose.  

In that time, the bank will be paying taxes, insurance, and upkeep on the home.

If I recall there is a 1/2 time version of the RE professional too, but again I might be quoting outdated or inaccurate stuff there, definitely will tell you a good CPA is worth their weight in gold.  

Yes you will need some upkeep on the re-sealing / staining every few years for appearance and performance. 

With its upkeep costs being extremely low relative to its price. 

I would say....keep your head up....keep trying don't give up !