They have a product that is a new pipe relining system that will line the old cast iron sewer pipe lateral with a new, continuous pipe made out of resin to protect against future tree root infiltration.

@Chris Seveney 40 years age and 162 feet length and the iron cast pipe.

@robert collins First iron out the goals of the partnership and the overall purpose.

So ironically, we have a giant post now full of comments from well-experienced investors and lenders but very few, if any, from new-ish investors who recently went through this internal conversation before making the leap.

What is ironic is that I destroyed your argument here on a real estate forum again with intelligence, education and mathematics. 

This letter could eventually be the purchase and sale agreement, ironing out the price and terms.Base your offer on facts.

Who knows, the conversion from Cozy to Apartments might not happen before all the user interface issues with Apartments have been ironed out.

It can happen in old iron pipes and also old clay pipes.

Still had cast iron pipes in basement.

Scoping the sewer upon purchase is a good idea, especially if its cast iron.