Hiring a good SEC attorney will walk you through the process of the Syndication.If what you lack is confidence that you can keep all of the balls in the air and pull off a Real Estate transaction that happens to include a syndication, that is understandable.As was said earlier, you need to bring something to the table for the syndicator/mentor to risk wasteing his/her time and/or reputation.Get educated on deal analysis, the market you are in, legal ways to raise money from investors, etc.

They are supposedly in the process of removing the knob & tube electric work that is mainly in part of the 2nd unit (same unit that tenants aren't vacating), fixing some slow draining plumbing in 1st unit bathroom, and getting rid of mice that seem to be throughout the apartment (I also negotiated a 1 year maintenance contract for a pest control company).

There is no central air in the building.I have met with an HVAC professional and he suggested that I install ductless units for each apartment, each of which would then become a separate zone.

His willing to do is this transaction because he is in the Air Force PCSing to another state and wants the house off his hands.Question: How do I make sure the bank doesn't call the loan due or try to take back the house as we change the deed and insurance in my name?

New roof, new kitchen, new bathrooms, air conditioning, etc.

I'm new to BP and wanted your input on a property.Built in 19852, 2-story Buildings, 4 units in each buildingAll units are approx. 615sqft 2-Bed/1-BathAll units have central air (not common for the area)Currently leasing at $400/mo100% OccupiedLandlord pays trash/waterFinancials (Super rough repair estimates)List price of 235KOffer price of 209K90K in deferred maintenance & updates. 2 New Roofs: 12KReno of All Unit Interiors @ 5K/unit: 40KParking Lot (Asphalt) Repair: 7KExterior Wood Siding Repair & Paint: 20KSomething Else that's Broken: 10K After improvements, market rents of $500-550/mo.

I bring the proper sized air filter with me on the quarterly visits as well that way I know it's changed at least once every 3 months.Rest is mainly just visual inspection to make sure they aren't tearing up the place as well.

I am currently in the Air Force and stationed in San Antonio TX.

As they become damaged, you remove them.As far as the air filter, I don't see any choice but for you to eat it.

You need to be able for a fireman to enter the unit with an air tank on his/her back.