This typically includes and exterior and interior makeover and re-leasisng to whole new set of tenants at much higher rents.

I don't really like asking for help in such ways as I'm typically an independent kind of person.

It's typically more cost effective to sub everything out yourself.  

That's essentially my plan. 

Investors in the Residential space are known to assume Loans and use creative ways to do a warp with the underlying mortgage when the seller has equity.Pl, leave your constructive thoughts and comments looking for #Commercial Lender who could help with a phone # so I can follow up.Thank YouBest RegardsKishore P They don't...typically.

Essentially, he wants zero responsibility at all times and I'm not supposed to even call him re the property unless it's seriously urgent.We expect the end result to cash flow nicely.

One thing to keep in mind is that institutional lenders typically won't allow you to borrow the down payment.

Can you do this, potentially but typically it will be written that you need say a 2/3 or 3/4 or high majority to do this.

Typically, eventually the tenant will move out but not as agreed and not per the timeline agreed, in fact most times, they will actually go from a receptive/agreeable stance in person (such as you experienced in your meet up) to a challenging and accusatory stance later on as you get closer to move out and the worst keep going to downright damage and nightmare issues.

In a typical $1000-1500/month rental I think most people would be expecting a $100 faucet with $100 to install.