The wiring originally installed that house was designed to run a few light bulbs and perhaps a radio or two (it's not uncommon to find a single circuit per floor or only 2-4 for the entire house) and not to handle today's array of electronics.The house of that vintage, the presence of asbestos in its many forms (pipe and duct wrap for the heating system, possibly mixed in plaster, floor tiles, exterior siding, etc) is a distinct possibility.Where I do not have experience is in local insect damage - I know you have termites and undoubtedly carpenter ants (or a close relation).  

The distinction I usually make is that a structure that has zero shared walls is detached, a structure that has one shared wall is SFR Attached, and a structure with two or more shared walls is considered a condo.

We have not seen title companies require disclosure to the seller on assignment deals from private sellers, and transactional funding allows for separate distinct transactions and funding where profit need not be disclosed to the seller or the end buyer.In order to fund REO's on a double closing most require disclosure to the seller that the buyer/investor is an investor and language such as "I am an investor and intend to (or reserve the option to) resale for a profit" has been considered appropriate disclosure.

We were eager to meet and talk to everyone, we had no class distinctions, intellectual classifications, or fear of rejection.

FYI: For retail banks and credit unions, the mortgage division is always distinct from the retail banking side of things.

This involves: Providing capital in a timely manner for pre-approved deals.Ownership is allocated in the following way: The asset manager owns 20% of each property.The other 80% is owned by those who provide the financing for the deal, with no distinction between leverage and cash.Partner’s percentage of interest in the company is the net percentage of capital contributed across all properties, multiplied by 0.80.When new assets are added to the company, percentage of ownership is recalculated.If cash infusions are required for major improvements not covered by reserves, we recalculate percentage.Distributions are paid quarterly based on profits, on the 1st of the month, based on a percentage of ownership.Now here comes the question: If I cash-out refi the property, is that my capital contribution, or his?

It will be pricey and I don't know that it will have a distinct (measurable) impact on the rents.  

The costs can be high especially if you are using a full service management company, and while changing, the Tahoe area still has two distinct busy seasons, meaning 2-4 months of slow time where you may not cash flow.

My wife and I worked our tails off for many years and sacrificed on many things and I can distinctly remember thinking at times if it was all worth it.

College rentals generally turn over every year, however this offers a few distinct advantages (1) this will happen at the same time every year and it will happen when demand to rent is at its highest, this makes for a cycle that is easy to predict. (2) because turnover happens at the same time you can find out 3-5 months in advance if they are going to be renewing their lease you are able to prepare accordingly by advertising and pre-leasing the property months in advance.