I am a "B type" person and struggle with organization skills.

Would you need two contracts (A-B & B-C) plus a JV Agreement to complete the transaction?

Institutional Class A/B leases rates in sub-market.3.

You must record the purchase of the A-B on one day, and follow the recording of the B-C the next day.

Like an 8-unit in a B area for $250-350k and will cash flow $200/door even after estimating high on all expenses and paying a manager.There also seem to be ALOT of these type of buildings. 

I would be interested in what areas are hot and any A, B, C properties and typical cap rate type information.

Any chance you have per-unit average prices broken down by classes (A, B, C, D)? 

The deed also only reflects the transaction being between seller "C" and now owner "A". B

I am specifically interested in buying a C property in a B area. 

hey just some advice from a plumber ive been doing plumbing for 5 years nowyou said you had a iron sump pit, likely the pit is beginning to corrode and thats the cause of the iron deposits, now a days most pits are made from composit plastics ,another possibility is the piping could be the cause if its a metal pipe [iron or galvinized steel ] it could be contaminating the water being pumped out, again most pipes now a days are PVC either sch 40 ,80 or ABS to prevent this issue, it could be the pump is corroded and failing but if its working i doubt that its that ad if the pump was that bad it likely would have failedother than those the only other thing that comes to mind is that it could be something in the basement that is made of iron or steel that is in the pathway to thw water on its journey to the pit.hope this helps