I don't know, but the baseboards are gone, so I bet they were wet for a while and the bottom 2 feet of drywall should have been replaced.

Worst case I bet you could easily  and with minimal cost, section off the basement into storage units for your tenants as an add-on to their rent.

I think your best bet is syndication/limited partners.

Show them the money, but don't GIVE them the money.If they are weird and insist on having you put money in Escrow, and you are willing, I'd only give it to reputable Title company along with paperwork indicating that there is no contract requiring you to keep your money there and you can withdraw it any time. 

That's an agent who is going out to the properties themself and likely has relationships with many other folks you need on your team.Hope this helps a bit - please, feel free to reach out anytime if you have other questions or just want to chat!

@Tyler Stone, that's a tough one.You're basically asking a broker to take on additional liability (since anything you do in real estate could conceivably be tied to them), but offering to give them nothing in return since you're stating up front you won't be doing any listings.Your best bet is going to be networking and trying to find small/independent brokers.Anyone with a brand name, e.g., RE/Max or Keller Williams, is going to have pressure from their own management to "perform" and weed out agents who don't sell/produce enough, which means they won't even consider you if you're saying you have no intention of doing any transactions under their umbrella.I know people who have done what you describe, but they either already had a close friend who was a broker who was willing to take them on, or in one case they bit the bullet and just became a broker themselves (which is fine but is additional time and expense).

I bet if you look at the settlement paperwork from the purchase, there's 4 legal descriptions, 4 APNs, etc, and you actually got a blanked mortgage secured by all 4.

I thought that a HELOC was the way to go as I am able to access the capital multiple times at any time, however, after listening to David Greene's Q&A, he said that a cash out refinance would be better.If I were to invest into commercial or multifamily real estate, a cash out refinance would be better, right?

No charge for any time it is vacant, $300.00 fee to rent to a new tenant. 

Below is the link that tells you all you can build on it sectionTable 11-6-2: Commercial Districts, check the codes above 11-6-2 looks the my best bet is category P which is keep in mind my goal is to come out of pocket the least possible, maybe lease it out to a coffee shop or something ?