But I spoke to him on a regular basis or by weekly and he said he ran into other properties that were more prioritize than this one.

The main takeaway I'm getting here is to prioritize having the money lined up ahead of time.  

so you buckle down and prioritize your spending and income. 

Students appreciate spaces where they can connect, share spaces, and collaborate for fun and/or play. 

If anyone local would like to collaborate that would be great also.

Yes, we are friends and I know this agreement would work just fine without any paperwork, however I want to be as professional as possible with this deal in hopes that it may lead to more collaboration in the future. 

We also have a vision for the common areas / elevator / parking, however I would like to get your opinion on how to prioritize the different Capex/renovations in a MF repositioning plan, what has work well for you in past deals and what hasn't been worth the investment. 

I'm going to not bore everyone with the details, but needless to say, all my numbers presented below are backed up with information.I know one problem right off the bat is I might not have enough skin in the game for his liking.Purchase Price: Not to exceed $275,000 at public auctionRehab Cost: estimated up to $20,000Estimated rehab time: 1 month light rehabAfter Repair Value: $410,000Exit Strategy: Sell to a retail buyer.Estimated total time of collaboration: Not to exceed 6 months.Security Instruments: Free and clear of all loans.

While you should prioritize networking with investors in your market of interest, it certainly can't hurt to also establish connections with people you can actually meet with in person.

I love the wealth of information and the collaborative vibe.I'm a real estate agent in Pittsburgh, PA who wants to, with my partner and our baby girl, move into a multi-unit building within the next year or two as our first foray into RE investing.