So think of it this way, a property that can substantiate self-sufficient operations, ie on-site management, maintenance etc, that's the marker where cap rate is everything, 100%.

Are they relying on the cash flow from the property to sustain them or do they have sufficient income from other sources?

I do not think it is reasonable to charge them for an entirely new floor in this area (about 375 sq ft.) and I am sure a NY judge would throw up all over that attempt, but on the same token I am concerned if I charge for the damage, but "don't have the work done", a judge will say it's betterment and will deny the charge.My questions:(A)  How would I arrive at an equitable charge for this damage that will cause for flooring to prematurely fail?

My current primary house in 40245 backs up to a private golf course and is near 2 or 3 others but do not think there is a sufficient demand to AirBnb it, which is why I planned to just find a LTR tenant.

It’ll be interesting to see how fast that gap closes when deals that are forced to sell due to maturity or rate cap expiration without sufficient reserves come to market. 7pref 70LP/30GP is fairly standard and could that change to 6 pref 70LP/30GP?

Your motive is not necessary, if you state you are buying for your own interests, that is really sufficient. 3.

But, I think there could be some good deals out there, maybe off-market or just privately listed.Would a good real state lawyer/notary be sufficient and do anything a Realtor would do?

The roof I may do IF you could show that it is end of service life, but newer architectural shingles can last 30 years, so a 20 y/o roof doesn't necessarily need a replacement just because it is 'older'...actually the only one I might do because its easy and low cost is the caulking, but even that would just be a token gesture.

Also I can't say for sure from the pictures, but it is unlikely those 2x4s are sufficient, even if temporary.

Ensure you have a solid plan for renting the property and generating sufficient income to cover the costs of the HELOC and any other expenses associated with owning and managing the property.Furthermore, exploring alternative financing options, such as personal loans, partnerships, or even seeking out potential investors, might be worth considering.