If I was the seller I could care less to be honest but that seller may want to put in a contract that the properties must close back to back or the deal is void.

Check up on your tenant at least once a year to ensure they're upholding the lease and caring for the property.

Your total gross earnings from the investment will be 120 X $24,000.00 = $2,880,000.00You will be receiving $24,000.00 per month during months 37 thru 144 until your total gains = $2,880,000.00 plenty of time for you and your wife to do other real estate deals and also plenty of money to take good care of Fil and yourselves as well. 

If you are looking for deals between 5 and 20 units the selection is much smaller and those that do come on market are usually not amazing returns.

Again, I don't really care if everyone thinks it is or isn't actually starting the contraction.What I want to know is, what is the smart strategy for real estate when it is happening?

Would you adjust the offer to fit these repairs in or see if there insurance company is going to take care of them?

Solar is a good idea, but I think the payoff might not work on your time horizon.Take care and good luck!

My guess is you were talking to the wrong person and they didn't care enough to find you the right person.

The fact that the shower works and basic bathing needs are taken care of is irrelevant.

With the proposed partnership being a 50/50 split, that is going to be taken care of by the other party.