The experience I would gain from this would out weight me not taking and obtaining the licenses.GO FOR IT!

I put alot of weight in current property tax when doing my pro-forma, as it can easily blow up OPEX and kill a deal.

And the rest cash out and go into stocks (gradually, dollar cost average to minimize risk), safe savings/treasuries, and some maybe in private RE syndications.

The upside is that it would gain about $6500 in principal in the first year and more gradually as the years go on.

While its hard to get a sense from someone typing concerns, some of the findings include:Visible water in property basement on back wallFirst floor bathroom immediately above this back wall - it was an addition put on the property after it was built, and it seems like it may have either foundation or connectivity issues with the original house.Temporary Lally columns added in the basement and not secured with concrete footers -- the seller indicated the property was a laundromat and those were put in to help with the additional weight of the laundromat but the property has long since converted to residential.The boiler pressure regulators and backflow preventers are missing in the basementI should mention I'm not that handy and items like this would be contractor-based, anyway.

There are enough easier jobs where they won't have to take on the added risk.It also seems like a normal footing would work but I suppose the soil and weight of the structure may dictate otherwise.

Inventory is still rising gradually but consistently week after week as it has been for months now.

& something strong & light weight to put it on top of- just high enough that you notice the pot.A wooden shed in the back or side yard if the property doesn't already have one.

I am seeking general advice, I know that eventually a lawyer would need to structure this.The idea would be to start with one property and grow gradually.

I would "weight" the partnership based loosely on financial contributions to the company.