Stick with a tank, tankless units are mainly installed in areas where a tank won't fit, the hot water doesn't get to the designated area soon enough, or other things of that nature.

The home was custom built in the mid 80's and is in terrific shape, but its now dated and will need a new kitchen, baths, and some walls removed to open up some of the space that buyers find more attract today.

I want to purchase a 10 unit apartment complex to wholesale, just thinking WHAT'S AN  ATTRACTIVE CAP RATE FOR INVESTORS?

I've long loved the construction side of my job as an interior designer and I've spent most of my career creating spaces to either make people feel immediately at home (hotels and restaurants) or where they WANT to be home (multifamily & builder models).  

Like others have mentioned area is already attracting a bunch of companies from many different industry sectors.

Never got the CPA designation as I can do the same things with the law license.

Conceivably, these siblings would either list and sell the asset to your investor (for which you receive commission #1) or you bring in a developer/syndicator.In the second scenario, siblings would partner up and contribute their equity into the formal or informal partnership and the developer/syndicator would bring experience (successful track record), and other resources including builders, design architects, engineers, and entitlement experts for zoning and building approval, depending in the scale of the project.A third choice exists whereby siblings attempt development themselves.

For non emergency you could designate one day of the week to address  problems and do it all on one day letting the tenant know what day you will be out

The idea is promising and I would suggest an area where growth is happening or attractive to the military population.  

Building constructed in 1980Present loan value appx $77k on a 15 yr note with 3.375% interestP&I pmt is appx $602NOI 2014 was $11489NOI 2013 was $5142      (spent around $4k on updates/remodeling)Appx $27k by my calculations of capital improvements needed in the next 5-10 years to increase the value of the property, properly maintain it, and keep it functionally up to date in order to attract higher quality tenants (located in a b grade area) (I'd rather have more invested to have higher quality tenants - have my own reasons for this line of thinking - willing to sacrifice a bit of profit to have good people)- Redo Kitchens- replace doors and all base trim/casing (more for my taste and would help the place rent out even quicker)- 2 escape windows installed for basement bedrooms- Concrete work needed on patios and near front of the house -- need to be done in the next yearProperty based on comps in the immediate area and a tight supply of decent duplexes here is $175-210k or so.