You need to build an iron clad case.

If you haven’t bought them already you might want to slow down your process until you’ve ironed out an exit plan.

Hello,Had anyone used or know about Iron Capital group?

Okay, that last sentence isn’t iron-clad but it’s more likely that $11M is too rich, $10M is fair market, and $9M is a reasonable deal.

I would definitely consider putting the property in an LLC and then memorializing the expectations/agreements in the operating agreement.Also, I hear that property management will be handled by a family member in the future - I would make certain that this fee is also ironed out ahead of time, whether you are hiring an outside person or family member.Have you considered syndicating the deal and offering it out to other investors?

They are going to ding you for your current condo payment, the income from the other 3 units will help, but its a good idea to iron out the financials before hand.

I won't do it unless I am sure everything is iron clad and will not be questioned or delayed in any way...there always seem to be issues with family and estatesThoughts?

After a while, things start to iron-out and the deal practically runs itself. 

So there is that concern, I don’t know when homes in my area were required to be build with 3 wire common ground electrical, and then there’s the plumbing of course, I don’t know when iron was no longer allowed either.

I am looking to replace cast iron plumbing under the foundation of the house.