I'm looking at a real nice 26 unit apartment complex deal ($2.5 mil) in Seattle that's a great price and very desirable for renters.  

Desired outcomes should be the same.Duties of all members should be spelled out.How to desolve relationship should be spelled out.By spelled out, I mean, "in writing".Remember that you have two relationships going on, a business relationship and a personal relationship. 

He states it's a desirable area because of the schools.  

You will definitely get the help you need here ;-)@Joel Owens  covered the key factors: timing, best use, condition, desired price.You can try to sell yourself through CL.

you obviously have a desired outcome, go for it!

If they didn't just rehab all the units to greatly increase rent rates... or if the market didn't suddenly change making commercial properties a lot more desired...

I know of some areas that have A LOT of foreclosure issues, but I've heard from other local investors that these properties are less desirable to fix up and resell since there are SO MANY on the market just sitting there.

Little background.Signed a contract last May on a 3 family in a desirable area in Cincy Ohio. $257k purchase price.

On the other hand, payments on a five or ten year loan would be huge, and that's not desirable, either.On the third hand, locking in an interest rate for a longer term usually requires a higher rate.

I live in Shawnee KS.My original desire was to flip houses, but have been converted to doing Lonnie deals in my area or within a few hundred miles.I am just trying to learn all I can and this board is a good start so far.Thanks, Ima just pull up a chair, get some popcorn and lurk for a while, so far the board has been very educational, thanks to all the experts that share what they can............