@Walker Seid@Brad McBride@Leo KhmelnikerI was kind of afraid that it would be difficult to get the kind of rents Im looking for in your areas, from what I've found looks like Boise, SLC, and Nashville have been up and coming for a little while now but still seem attractive from future economic outlook.

Low cost of living, beautiful historic homes, and purposely designed so that many neighborhoods have a mix of single, duplex, and fourplexes that's very helpful for property values.  

Who is doing the design work and making the rehab decisions?

I have some, but would rather own buildings designed and built as multifamily.

They have had some advanced training to get that designation.  

You end goal should be to sell the home unless you're okay making repairs and having the additional management overhead.Hopefully there is upside to the $400 lot rent and means to cut expenses further so that the deal is more attractive.  

Run it for a few months, then have the tech swap the connections back to the old furnace and remove the new one.There is also a type of furnace called a "packaged unit", that is designed to live outdoors. 

The bank will happily entertain your application for new terms - - you are an existing asset on their books and what they want is to update the rate.FORGET prepayment, the penalty is designed to discourage you from that - - clearly.Start your refi 6 months before  the note comes due and by all means, go back to the same back where you settled the first time. 

On the other hand, I know a lot of REIA's out there are designed to make money to the point I even listened to a podcast (not BP podcast) where the guest was indicating he 'owned' a REIA.I guess my short answer is it depends on the specific group.

If the answer is no then you have to have an honest conversation with them "hey, I want to help you, but this is not an attractive deal that makes any sense to me - and that if I do this there is a high risk that the deal will not work and we're going to ruin our relationship."