No formula can be accurate across the board because even “cookie cutter” properties next store to each other differ as to view, location to the street, topography of the land, lot size, physical condition of the property, past remodeling, quality of the mechanical systems, sunlight, utility bills, past use, etc.  

A little context: the building is structurally sound and they have done major updates such as septic, generator, and sprinkler system, and all mechanicals are recently inspected and tagged.

If not, well you know the old saying, "the best time to get a lead paint certificate for your units was last year; the second best time is now".I've been told that the RI DOH may not start hitting people with fines for failure to register on October 1 as the law allows them to, due to the insufficient # of inspectors in the state to meet the demand.However, I've also been told that the other part of the law, the one that makes it so you cannot file for an eviction in RI without a current lead paint certificate, is expected to take effect sharply on October 1st.For anyone who hasn't submitted their properties/units to the new registry, I have a 15-page guide (with screenshots) that walks you through it.

If argue this just do some research on inherited wealth, it does not hold a good track record, failure rate is astronomically high.

If your HELOC is for the downpayment and you want to use lender money for the rehab, you are setting yourself up for failure in a difficult market.

Nobody has a crystal ball and the failures in most operating agreements relate to their inability to anticipate  capital needs, introduction of new members, etc.

I'm just trying to make sure I understand the mechanics of how this works.

Or you can do nothing and guarantee failure.

Basically look at potential failures and determine their impact.Use the lookup function on my name and What happens if you die?  

I personally think it's way too easy to escape debts in modern society, so I'm curious to know the mechanics of this particular situation.