The building was built prior to 1938, so there is no certificate of occupancy issued; not sure if that helps me at all.Thank you.

Tax Benefits - Can deduct most of my mortgage interest while building wealth.4.

Hey mate,Sorry to hear about your troubles.I've been offering "true" turnkey properties for 10+ years now and have many scars to prove it.There has been and still is a huge stigma surrounding the industry and rightly so.The very best rated in the industry sometimes get blasted on the forum.Like with any business that has stood the test of time, we have had our fair share of successes and failures.We have done very well for many investors and could have performed better for others.Many times, we are to blame and other times it was the investors fault IMO.One thing I have always claimed is that we don't steal, cheat or lie and my team and myself work very hard and always make decisions with investors best interest at heart.Personally, I believe that folks that work hard and do their best shouldn't be crucified for an honest mistake when it happens.But, I guess others aren't as reasonable when it comes to such situations and I don't judge them for it.I take the punch on the chin and still continue doing my best.Over the years, I have made millions and lost millions but only blame myself when I loose.Not others.Also, I've always preached to start slow and only use cash which has cost my business 90% in sales volume.I just don't believe that investors should use leverage when first starting to build their portfolio.Reverse engineer and base all real estate, business and even life decisions from a risk analysis worst case scenario standpoint.If you believe that you can absorb a worst case scenario outcome, then pursue the opportunity.Build a strong foundation with cash owned properties and gain experience first."

What are some good things to be looking for and thinking about for a prospective buyer who is walking the grounds of a 47 unit building?

This way you can learn what it takes to be a landlord, produce extra income that can be put towards your mortgage, and build equity.  

and will build appreciation and equity (via tenant paying your mortgage) until you sell.Selling in 2-3 years for 121 Tax Exclusion is probably best, though.Anything else will depend on your investment goals. 

I agree with what you said in your post, maybe add management as you build your portfolio. 

suggest you start with Dave Ramsey principals ... then move out from there.there is some big huge fallacy  that Real estate is going to let you quit your job and your going to have all this time for the kiddos etc.this will never happen in the short term with rental property.. you build a nice base for retirement in 30 plus years for sure.. but for short term replace your income and have all this free time you need to make transactional income with big hits.. your not going to get their with 200 to 300 a month cash flow on a levered up rental . 

It would be installed in the middle of the porch, as circled in the below photo.Per my handyman, "All materials and labor to build deck section and install hot tub supplied by you including water, drain and electric hook up.

I'm eager to share this journey with you and connect with fellow professionals in the industry.