If the tenant is basically (judgment proof) such as credit is bad, they get paid money under the table as cash,etc. then it can be a waste of time to take them to court to get a judgment.No legal advice given.

I did a full tearout of the kitchen ceiling and remediated all the water damage.

Is it a (hot air) furnace or a (steam/hot water) boiler?

I'm not a fan of these "No money down" deals because all it takes is a burst bubble or a market correction and now you're under water on a property.

I have witnessed at least 2 other units with severe water damage because of the plumbing in common areas.

What I mean is, if you don't bring any cash to the table initially, then there's no cash to get at later, unless you wait a while as you pay of debt and (hopefully) see some appreciation.No reason this can't be done with at a LLC.

Can I make more money by taking the capital off the table now??

You take the gross income  and subtract out all of the operating costs and expenses (taxes, insurance, gas, electric, water, trash, lawn, snow, maintenance, CapEx reserves, management, etc).

My name is Brian and I am looking to create a meetup group of like minded individuals.Here is what I can bring to the table to date:1.)

I had a neighbor complain on Christmas Eve that they heard water running so i sent someone into to the property immediately since these tenants would not respond to my urgent message.