Tony is right, and in line with that my opinion is always have a very thorough reliable detail oriented home inspector give you an aggressive evaluation, then you might find a couple things that can wait , but most things that old were not intended to last forever. 

——- I could see it happening in Philadelphia, where the new progressive city council has their eyes on housing and tenants rights.

As though they will be more likely to work harder for themselves.I personally don't have any experience flipping and am not sure how to evaluate a good property for a flip from a bad property for a flip.

Still in work in progress looking forward to cash out refi, but need more information and direction.

Underwrite the properties you evaluate and look at your actual projected returns by implementing your business plan (renovating, raising rents, repositioning, etc)

There is nothing wrong with feeling encouraged by progress, but it is also important to stay grounded in reality.

And let them know that I want to engage in evaluating syndications.

We will evaluate one deal with a new wholesaler, if it doesn't look like they understand the numbers, we don't look at their deals.Does this make sense? 

In multifamily value-add investments, common risks include:Not being able to achieve target rentsMore tenants moving out than expectedRenovations running behind scheduleRenovation costs exceeding initial estimates (which can be a big deal when you’re renovating hundreds of units)When evaluating deals as potential investments, look for sponsors who have capital preservation of the forefront of the plan and who have a number of risk mitigation strategies in place.

.#1 destination for CA companies leaving the state.You might remember billionaire Ross Perot who ran for President, built two multi billion dollar computer companies, and also was a billionaire land developer, says the best way to make money in real estate is to buy in the path of progress.