Nov 9 - Today, I spoke with @Mark Hart and he clarified the Scope of Work for the Renovation as follows:849 Avon Scope of Work - EXTERIORRoof- Wash the roof, approximately 7 years oldWindow Repair- Repair or replace any broken windows and repair all rotten woodPressure Wash- Clean dirt and other debris off of the exterior of the homeLandscape - Trim grass and shrubbery and add fresh mulchMailbox - Add a fresh coat of paintDriveway Patch- Patch all major cracks in the driveway and patio areaFence Repair- Add planks and posts on the North East side to ensure privacyIron Security Doors x 3- Iron doors to be installedRekey- All doors to the propertyElectrical Repair- Perform an inspection to ensure all outlets are in working orderInterior Paint- New paint on walls and trim where needed.

If it is first come first serve, unless you have an iron clad reason to reject an application you have to follow your own rule and admit the first one that applies.

Material Participation is the lessor of the complications ironically.

I posted a reply mentioning that the ironic thing about this topic was that the group of people who should know THE MOST about real estate (minus the investing part) were architects!  

This is when you have to have an iron clad operating agreement so the responsibilities of each tenant are spelled out and consequence of non-performance also spelled out. 

So a question I have ironically is, in what way can someone with a beginners mind and time be of value and help other investors to grow their network/business?

Also, thanks for adding the metric of permits, I read about the importance of that, but I completely forgot to include that in the evaluation (iron sharpens iron eh?).

Situation: Got water in the garden unit of a 3-flat investment property about a week ago, got a new cast iron 3/4 hp sump pump, confirmed that it worked.  

I am starting to deal with it more and we have some wrinkles to iron out.

I hope I can get these all ironed out and do this the right way.I may have to find a real estate attorney to do it right, but the one i was talking to yesterday wants me to retain him, and won't give me advice just by paying him hourly.