Wall-hung toilets are unusual in North American residences.

We are pretty clear on those concepts to come up with a partnership agreement, but the understanding gets a bit foggy in how to actually execute the legal business structure. 

I've heard the Executive Director of the district speak there recently, and they are certainly beginning the processes of revitalizing the area.

Everything looks good on paper until the bullets start flying and its time to execute.

We executed a 1031 exchange a couple of years back in order to downsize from one single family home to two townhouses in the bay area. 

Here is a link to the American Society of Appraisers: www.appraisers.org/find-an-appraiser Most appraisers are different, but the one our bank used was around $500 when we purchased our first rental property.  

I think your advantage is a lifetime of experience on defining goals and executing against them in a methodical way.

You just need enough to pay those taxes.If it's a family member or a " close friend " then you could also have added yourself to title and executed a refinance in your name only and have the seller quit claim off at that point.

There are alternate options to transfer air to/from bedrooms, but those get somewhat complicated.The cassette fan coils are ugly and take up wall space, You also need a thermostat for each one so you have to plan for labor for that wiring.In my experience the Japanese products (mitsubishi, fujitsu, daikin, etc.) are better technology than the American manufacturers (trane, lenox, etc.).

There’s a whole lot more that goes into executing on the plan but this is the first step.