I appreciate the perspective!

Granted, this could be solved by us forming more of a mastermind group where we have separate investments, but remain deeply involved in advising one another through things.One last thing - I've switched my perspective on how we'd look at this and my potential partner and I have reached a new agreement that we both like of how this would work.

It took me a year or more to get comfortable during transactions as an agent and from the RE investor perspective.

Updated upper unit with new kitchen, bathroom updates, fresh paint, new windows and new lighting What was the outcome?

There aren't a lot of attorneys who specialize in real estate in our market because there just isn't much money to be made from their perspective, but I would try Nathan first.

Get them out, clean the units up, then start fresh with new tenants that you've screened, placed under your lease, operating by your rules.

The last line is a really good perspective to hear! 

Looking at ARV, looking at sold comps, and even looking at what the seller paid for it, gives a better perspective of value, and, in your specific need, opportunity. 

Are there any lenders out there that are friendly to fresh property managers? 

In addition, the 15 year amortization means a depressed CoC return rate since more is being poured into equity each month.Thanks in advance for the fresh eyes and perspective.