I would recommend talking to Lexi at Iron Horse properties.

Definitely talk to an attorney and write an iron-clad operating agreement, you need evrything in writing while everyone is still friends and can agree.

LeslieOlder plumbing stacks are usually cast iron and always vertical.

I wouldn't make all the toilets 0.8 gpf since there are concerns with not using enough water when flushing sewage all the way down older cast iron pipes to reach the street although it is rare to hear about.

I worry about the original cast iron sewer lines, just from my experience that can be trouble.

Make sure you set up closing before the last day of your contract so if there are any issues you have time for your Closer to iron them out.

Ironic that you responded though as I’m originally from RI and my sister lives in N Kingston. 

I think it's definitely worth learning about and pursuing if you want more of a "passive" (if you can call it that) income from the business, but it's also one of those things that has some wrinkles to iron out once you get into it.- Closing In-House: It's definitely possible to close in-house (and when the deals are cheap enough, it may be the only economical way to do it), but it also takes quite a bit of time and work to learn how to do it correctly, to make sure the paperwork is prepared correctly, and then to actually execute it.

In my current two cases, one is a wrought iron fence and the other is a newer fence I want to keep. 

And finally, I do still find it somewhat ironic that many highly successful investors want to sincerely help others in their real estate pursuits, yet they'd be the first one to jostle over the next property that comes up for sale.