-Why not include a contingency line item in your construction loan rather than raise the contingency funds from your equity partners?

I will still use alt. lenders from time to time depending on the circumstances but I will also achieve similar LTC financing through traditional banks and when I go to my capital partners with a term sheet for 85% LTC through a traditional bank with a fully capitalized interest reserve, healthy contingency funds and soft costs built in and the real estate great, its far easier to raise capital because far less equity is required to fund the deal but this all starts with the quality of the real estate.

It's just unfortunate you were not notified to get the plumbers out sooner or the PM did not communicate not to leave the faucets off but ultimately if they were left off you likely would have had pressure built up and pipes burst (especially if they lines weren't all PEX) so the root issue of not having heating water lines still was the issue.

You can see huge homes being built all over the place there now.

Part of this is sentimental value (wife's grand father built the house) but I don't want it to be a money loser. 

It may be helpful:I can give you some general info on insuring the property:Here are some things to look for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.

Hey Lucas, if you already have built connections and a solid foundation of knowledge in Akron, I would keep building the portfolio there! 

I personally wouldn't buy an old home as a rental, I only buy 1980 or newer for myself, all of my properties are in the north part of Gilbert built between 1985-2003.

Quote from @Peter Sosnow: @Greg P.Im not a coach, but I built a portfolio of mostly small MF and would be pleased to connect and discuss.  

hi @Jaycee,  the top floor(the one you see on the listing 8915 E Wes Pl Tucson), is essentially a ground floor as far as entering and exiting the home as the bottom floor(finished basement etc) is underneath it built into the other side of the foothill the house is sitting on.