And on the positive, I retain a construction crew and I can get that repaired for a fraction of what your contractor will potentially charge. 

That $200 pet deposit and $25 rent will not even cover a fraction of potential damage from a big dog.

That would get everything done that you want for a fraction of the price.

Mary Foster (no relation) is a principle in a firm in Bellevue and has been co-author of one of the definitive works on 1031.The same is true of TIC/fractional interest syndicators.  

I often see leases that were written by an attorney (probably expensive) that cover only a fraction of WLB, which are also inexpensive.

This is not a timeshare or fractional ownership model. 

Mortgage payments are at a historical all-time-high as a fraction of the median income.

In LA and so cal the rent to value ratios are fractional compared to many other states.If you're lucky you'll get .5% monthly rent to price ratio and in highly contested areas its not unusual to get .25-.35% in terms of monthly gross rents relative to asking sales price.example: 2300 2 bed room rent to purchase price of 625,000 = .368% RV ratioIn my experience you'll probably need a min of around .6-.7% RV ratio to break even with your maintenance, debt service, property management, etc.

.), so I'm targeting fractional interests in 50+ door properties for my investments.Also, it's noteworthy that quadplexes and below are valued based on comps, vs. 5+ unit multifamily based on cap rates.

I'd begin checking them out with the state finance department in the state they are organized in.Also, beware of investing in a note with other investors, taking a fractionalized interest, there are many out there in the note business that know more about marketing a product than they do the product, you'll find overstated valuations of collateral to minimize the LTV implying a margin of safety and saying everyone is covered, that may not be the case as I've never seen a dollar split 3 ways evenly.