Yeah, that would be probably the most logical thing to do since I'm so new to all of it.

You would make $50K-$100K wholesale deals like we are doing.People hear what they want to hear.You answer logic and common sense, they won't have it.

The in-laws want simplicity since they have no interest in managing the unit.From what I understand, it seems logical for them to handle the required taxes (TAT & GET) and compensate me via a 1099 form.

Everything in your first paragraph is logical and industrious, but almost everything after is RE jargon.

My logic says to not replace it, the heater is from 2022 so it is not old by any means but it is definately small on a capacity side for the size of the apartment. 

I would just add that the same logic applies for every asset class I have looked at. 

glad Logical is working well for you.

Prices soften a little....but no where close enough to offset increased borrowing costs.There are basically two logical flaws that lead people to the conclusion that rising rates equates to equally low prices.1) They assume that other investors have the same borrowing costs that they do.

Solid cap. rate on the property and was eager to see the deal through (never be an emotional buyer, I didn't follow my logic).

Solid cap. rate on the property and was eager to see the deal through (never be an emotional buyer, I didn't follow my logic).