@Nicole ShoafYou are correct and have equity locked up in those units, a good lender can give you options on HELOCs or other loan products that could help get some equity out without selling.

Also make sure you protect yourself with the correct contract documents. https://www.myfloridalicense.com/wl11.asp

Yes it's a huge problem.You should fix this correctly now.Open the walls and put in proper sound reducing insulation.

So the numbers seem to support either.Just looking for some feedback as I continue to brainstorm a path to success.

🎯 The Real Parallel for Real Estate Investors:AMEX and Coca-Cola together show Buffett's core principles that align perfectly with real estate investing:Buy Quality Assets During OpportunitiesAMEX during the crisisCoca-Cola during market pessimismJust like buying good properties during market corrections!

Neither of which is happening with these out of state investors who believe section 8 is there path to early retirement. 

If I am reading correctly, they are simply supplying the money for the partnership. 

At the completion of your due diligence, you have 3 choices; accept the property as-is and move to step 4, reject the property and walk away, or ask the Seller to correct any items that you request. 

I can't remember how he crossed my path, but its the first webinar of his I've watched, after my email was blown up by 100 emails in 3 weeks on what appears to be a wide variety of topics. 

Set a clear goal for your first property, find a mentor, and keep educating yourself—you're on the right path!