As mentioned previously, the biggest issue with it here will be that the rent covers the mortgage after you refinance.

There is no door or evidence of a previous entrance from the inside common hallway.Any suggestions?

My advice is who you will be renting too. college kids big money from parents. your average Mr and Ms Joe who have a professional job with no kids etc. what amenities will you be putting in washer dryer dish washer etc.

The other tenant has been there years and will be evicted for numerous reasons that the previous owner did not care to address.I plan to fix up the property over the next few months and renew the existing tenant to a higher, 1-year lease and then search for a new tenant at market rate.Feeling a bit overwhelmed, I'd like some advice on where to start with a new thorough lease and forms to use since I want to secure a new lease with the existing tenant and will need to screen for a new tenant once I evict and renovate the other unit.I am considering to join the California Apart.

It is in my college town and we would rent to students which I am okay with.

When I got divorced last year that is what I did with the property we had previously owned jointly and I bought him out. 

I'm considering to do so but I have not partner with anyone to do my previous flips.

I'm married with three children with two of those in college. 

Any advice or accounts from previous experience will be well received!

And I want all of the tax benefits 😀But if I did invest I’d want someone to have owned or led a previous syndication with comparable magnitude.