Before contacting any owner, I would perform a quick search of public records to see if anything stands out that may impact pricing.

Many capex items are less than the $2,500 de minimis safe harbor and can go below NOI on the P&L (and get fully deducted on your tax return but not included in the property NOI for performance or lending purposes).Hope this helps.

Appreciation and RentCondos have not performed as well as single-family homes when it comes to appreciation and rent increases.

I have a question about a note I am considering buying:So it is a performing note for about $55000 located in Dallas, TX with a 10% interest and 45% LTV.

Next, you can either wholesale the property as an occupied non-performing rental.

Mrunal, if you’re an accredited investor there is an investment product called a DST (Delaware Statutory Trust) that might be beneficial for you to learn about if you decide to perform a 1031 exchange.

Then, if you wanted $10k/mth, you would just need to write the plan of how to acquire 4 str's that would perform at least that well. 

The OP clearly stated that a cost seg was NOT performed.

Get it going and once it’s performing you can refi into a commercial loan and pay him the balance. 

He is hesitant to let me use the money for the transactional funding because he is scared of the possibility that the B to C end buyer does not perform.