The structures are CBS.

I purchased a house in Edmonton that has a horizontal crack the entire length of one wall as well as at least one vertical crack.The work has been repaired but the seller never disclosed that the crack was there until after I ripped down some of the drywall and exposed the cracks.There is an engineers report that says that the wall has been repaired and has been restored to "structural adequacy".They installed an interior shoring wall of pressure treated 2x6's with staggered pressure treated blocking that is tied to the floor as well as the joists.I purchased the house with the intention of adding a second story.I am wondering if it will support the second story or whether there is more that I should do before I start building.The original foundations in the area are such that they should support a 2.5 or 3 story house without issue.

Start talking with small local banks to determine what kind of structures they'll lend on.

In my case I usually make it known it's me a single end buyer and it's cash.I do understanding the annoyance of having people visit every unit to kick tires.However, if the inspection - and here I don't even mean the actual structural mechanical inspection, I mean taking a look, an initial 10 minute look inside is not offered, and I have to basically make an offer blind, how would you calculate the offer number without having any clue whether it's gold plated inside or all rotted out?

He's on the finance side, acting as the syndicator and has no finance experience or in structuring such deals.Johnny, you can get a cheerleading section, but there are at least a hundred ways for those with knowledge to cut you out of anything you think you're putting together.

Or you could have this checked by structural engineer, or architect.

I suggest listening to all the BiggerPockets Podcasts You'll get an idea of how other people structure their businesses and put systems in place.

We did this so that if there is an accident or something happens at our rental, our liability is limited.By running your properties in an LLC and as a company, you will treat the money more as a business and less like a personal piggy bank.My wife and I used to run a small farm business (VERY small business) and figured it wasn't important to have a separate corporate structure.

@Andre Q.Did you accomplish any repairs to the "bones" of the house (plumbing, electrical, structural, etc.), or was this a generally cosmetic rehab project?

I have a local partner there who is a US citizen/resident and we would like to go in it together i.e. split the funds, mortgage, costs, etc.I know there are different structures available such as LLC, LLP, LP and a plain partnership, and wanted to know what the benefits and disadvantages are of each regarding things like taxes, liability, etc.