As long as they also offer to manage the property, I feel they are standing by their product.  

It's all about standing out and being the best!  

I read a few negative reviews but one of them appeared to be from a construction/rehab stand point.  

My wife and I sat down together to look at our finances, and she thinks it's a bad idea.Where we currently stand, we own a rental home and our primary residence outright, with no loan.  

If you have to do it on your lunchbreak in order to keep your current boss happy, then do that.Just remember you currently have a JOB, which stands for "Just Over Broke".Good luck. :)

The real question is whether or not the seller currently has standing to pass insurable title to you.

Also be sure to check out with your friend what kind of financial standing the building is in (when was their last increase on the coop fees etc and is there any capital expenditure planned in the near future) as these monthly fees don't go away and can definitely inhibit your ability to produce cash flow from Coops..Hope this helps somewhat!

As it stands currently , the current tenants aren't paying enough rent to make this deal work.

I stand for honesty, fairness, trustworthiness, integrity and holding people accountable on doing the right thing.

My biggest concern is that two of the properties (church st and Center st) are located in an area that may never see any appreciation, and there is no easy exit strategy.