The fireplace on an interior wall seems odd; I'm used to seeing them on exterior walls to accommodate things like air intake.I'm assuming that the linen closet on the first floor opens into the bathroom there; the bathroom door and this closet door might be bumping into each other a bit.No window in that first floor bath?

Anyway, in the meantime I have discovered that there are forced-air vents already installed throughout the building, apparently from a previous forced-air heating system (old oil-furnace - hence the underground tank issues...).

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.

I am very impressed with the feedack and real cozy feeling of this website.

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.