Thanks @Beily Pan .

Here is my experience with aluminum wire in my rental:The house was built in 1968 and it had a Federal Pacific brand service panel.

The fact that this building currently has ~25% vacancy would make me question the desirability of the area and/or the available tenant pool.Those things aside, it sounds like the numbers should pan out quite well.  

Thanks @Jerry Padilla I'll be in touch if the Home Possible doesn't pan out.

The city came out to inspect for point of sale and decided that they missed the electrical panel being a federal pacific panel, my contractor failed to tell me this, so I had to have the panel replaced, profit now $2k.

In the process of getting business financing so if everything pans out, I'll begin to advertise deals.

Would be interested in hearing more how this deal is panning out!

How the laws pan out over time creates all kinds of weird distortions, much higher rents for the remaining units available (and higher fair market rent increases over time), portion of slummy buildings over time, less availability for new people coming into town and locals' household formation, etc..

I would pick something like Pacific northwest partners.. because no one in the mid west would have that name.when I am in Oregon I do the same thing I pick geographic names from other states...

And then the water meter is also disconnected, so that there is no way for water to get into the pipes.Then, all the traps get anti-freeze - traps exist in lots of places (toliets, under sinks, under tubs, under shower pan, in the washing machine discharge pipes, in floor drains - I may have missed some).