Borrowing against your paid off house without an income puts way too much pressure on the success of whatever deal/project you decide to pursue. 

If so you should be able to cancel but if you are doing it out of the inspection period you are stuck and could run the risk of losing your earnest money if you put any down. 

I got a deal on labor as I know the contractor personally and helped out a bit with the project.

Anyone speaking in "sure-thing / simple" terms, I call BS. 

But I usually heard this from people who had never owned a business before, didn’t have the cash to back up their plans, and often were planning to maintain full time jobs.My advice: Start with one business.

Now you have enough to pique your interest further, but it still gives me the hee-bee-jeebies.Next step is to ask to see the offering documents regarding the syndication.

Delays only create bigger problems.3.Start simple—cash flow is king.

My wife wants to move to a better neighborhood with good school districts and I'm for it.

I'd love to hear more to about how we may be able to work together and help our clients maximize their investments.  

Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).