If you are trying to do both cash flow and appreciation then you may want to sell it in the next 5-10 years and realize your increase in value and this would be more difficult in a "run down" property and it may not appreciate as much anyway.Another thing to keep in mind is that a more "run down" property will attract a less quality tenant which can create more stress and worry.

They gave loans to people who couldn't possibly repay those loans, especially when their adjustable rate mortgages increased. 

Although I do plan to sell within the next 3 years (military orders) I want to make sure I didn't make a terrible mistake by lowering my payments now just to save a few hundred dollars but increasing my total loan.

Downside is split single contract into two, double closing costs and increased mortgage insurance costs.MY QUESTION:Does this sound correct, or is the underwriter mistaken...Do multiple townhomes require their own individual loans for each single unit (even if apart of the same structure)?

The property needs about  $400k in repairs to increase the ARV to 1.5 mill - 1.7 mill.

The seller disclosed the long term leases on two of the units, but only provided the expired, 2 year old lease and the rental increase notices for the other two  and did not produce the additional long term leases that tenants shared with me.I'm in a bind here, I can't break the leases and can't stay in compliance with the loan terms.I've already reached out to my agent, who is fortunately a commercial brokerage with an attorney on staff, but have not heard back.

If this is the case for you also and you would like to meet for coffee or something simple please write me a message here or inbox me it would be awesome to meet you!!!

@Chris MoreyIt's this simple,If you want to fly with the eagles stop swimming with the ducks.

But having great partners allows me to manage three hedge funds with about $45 million assets under management and my goal is to increase to $200 million in the next 12-months.

It will not increase the sales price by 15k.