I'm a little nervous to introduce myself to this community but here goeshi there, my name is Jose Aguilar I'm 25 years old and live in Whittier CA 90604, I love to eat, work out and read books, and i now have an interest in building wealth not just for myself but for my family.

I could just flip it but I'd have to use an agent and then all those agent/broker fees would eat into some of the profit.

We have one historical building with sandstone window and door ledges that takes a beating every year with the salt, it eats away at the sandstone more and more every year.

I roof here, a driveway there, an HVAC system there, a foundation repair elsewhere could eat through that easily.I would assess the condition of all major systems on each property and plan to have enough cash to replace each of them at the end of their useful life with some cushion for emergencies. 

You would be surprised how fast vacancy can eat up funds.

Current loans about $190k each, current appraised as-is value about $825k each, current rate 4.5%- I do not have w2 income and cannot qualify for a FMae/FMac loan- Each building need about $50k in maintenance/upgrades which would allow me to increase rents about 40%- My goals are cash-flow cash-flow and cash-flow; longer-term equity is also a goalI have the ability to re-finance with the following (these are details for one of the buildings...I assume i could do the same on the other as well):- 30 year fixed, 4%, $400k total loan amount (I could go higher but am concerned about the higher monthly payment eating into my cash-flow....not sure if I am being short-sighted on this??)

If its the 3rd choice you will need to be concerned about financing as hml will eat up your profits. 

In some cases either property has too high expenses which eats up most of the Gross Rent Income and NOI number is where might have to put money out of pocket resulting in negative cashflow.

In some cases either property has too high expenses which eats up most of the Gross Rent Income and NOI number is where might have to put money out of pocket resulting in negative cashflow.

Company B sounds like it will eat at your capital that you could potentially be saving each month.