Everyone involved needs to make money, and the more people, the more money they will want to make, vs. the less you make.Send over the details of the house, age, age of systems/roof, size, fixture count (beds/baths) and anything else you'd like to share.

If you are counting on appreciation you may get burned when the market turns against you. 

Found a property I like, it's a tri-plex and the basement is covered with mold from the outside ground level to the floor of the unit, also there is a huge tree in the back yard and the roots are all over the back yard ,no grass I suppose because of the roots and all the gutters are filled with stuff from the tree(s) 3 bedrooms upstairs and 2 in the basement nice size bedrooms too, question is Is this an up-hill battle ending in defeat or can this property be saved????

I didn't want to have to count on a refi to get into a fixed rate later. 

and if it is based on position, do I count as lowest position (least protected investment) or highest position (most protected investment)?

My cash on cash return goal (not counting vacancy and maintenance) is 40%. 

6.house is not in a flood zone7. comps in the area are solid8. room count based on archive mls

Luck is too large a variable to count on. 

This could work out alright, but I wouldn't count on this going smoothly every 2 years like clockwork.3.

Another consideration is that I believe this would count as reserves by your bank so overall better than just having it in a savings account somewhere.