In my case I have decided to do minimal/moderate improvements, keep this building pretty much as it is since I am able to increase the rent quite a bit anyway, and do a repositioning with my next MF investment.

Been reading numerous personal finance books and lurking BP for a few months now, but the savings are finally shaping up, so I've decided to take it more seriously :) I'm a recent college grad from the bay area who's been in industry for about 1-2 years now and I'm really interested in setting up a positive, reliable cashflow for myself to reach financial independence.

What he decides to do with it is his choice, he’s not acting as a realtor selling others properties so he doesn’t need a license (check local laws) and he isn’t at fault for attempting to sell his future property.

After that, you need to decide on your top markets and start making connections and relationships.

Only you can decide whether it is worth putting the cash into the project.Good luck!

I would add to the good advise you have received thus far, if you do decide to purchase for cash at an auction be very careful of the purchase price..

we are just about to advertise and want to decide how we will structure it.  

Please help me decide on how much to deduct , if anything. 

Please help me decide on how much to deduct , if anything. 

He than decided to send me an email stating how unhappy he was that I didnt use him for my loan and that I should have pleaded my case, which I feel I did when I sent comps and asked for a loan.