It seems advantageous to have 3 duplexes in some instances and in other instances like this it would be better to just have one policy.

For instance, if one person is fronting all the capital (i.e. the financial risk), and someone else is putting in sweat equity (time and energy), is that a 50/50 split?

For instance, I purchased a 4 unit in Lyons, IL back in 2015 for $195,000.

I can just smell that this guy is lying but hey, I guess I'll go through the pain in the *** of calling every exact reference and seeing what the deal is.I decide to give him a second chance and comb extensively through his and his wives references they provided. 

Completely new to all this…how much (generally) is fairly extensive foundation repair?

That's why i always call my instance agent and make her quote 1st before moving into any deal.Good luck!

In California for instance, it is my understanding that, if you are already on title then you have to be on the loan.

Once the property is stable then push closer to market in the coming years.So base numbers off of lower rents to be conservative and that rehab will take much longer than expected.This building sounds like pre- 74 so lead based paint remediation among many others things.If rents are at 700 market than calculate for instance 600.600 X 50 = 30,000 mo X 12 = 360,000 a year X .50 ( tenants pays utility ) = 180,000 NOI10 cap value 1,800,0009 cap 2,000,0008 cap 2,200,000At 14k rehab X 50 doors = 700,000 Nice meet on the bone there. 40,000 a door is 2,000,000Too much work for the return there at that level.You need to look at any short sales ongoing for apartment buildings there, foreclosures, current occupancy levels in existing buildings versus demand, and new construction permits ongoing for brand new product coming online in the area.The new product might have tennis courts, gym, clubhouse, pool house, electronic gates, playground, basketball courts, laundry in the units, etc.To add all those things and compete drives up overall costs.Contractor demand for the area is key as well. 3 to 5 years ago contractors were very hungry for projects.

@Stone Teran  there are new laws for lenders about paying for apprasials.for instance I cannot pay for apprasials direct my bank has to order them then charge me for them... so this seems normalOne reason the lender clearly needs to be the one the appraisal is being made for not you the borrower.. it goes to the E and O insurance as well.

I regularly tour BP folks past my buildings and in such instances the properties reflect ME so I want them basically presentable.