The beautiful thing about successfully implementing this stratey is that someone with a little bit of cash could use it over and over again to build a nice rental portfolio! 

The Grand Concourse apartments were huge and beautiful with drop living rooms and attached dining areas.  

They have a battery powered red blinking light to make it seem legit.

So all in all, I'm more concerned with me evaluating the deal correctly and getting the promised return rather than some red flags it's raising.

I haven't been able to get a truly straight answer to this question, so I'm posting this in the forum to see if anyone has clarity on this topic...If several investors (define several as 6 or less) want to go in toget...

That's the beauty of real estate.

It's beautiful!

If this is an older home I would let her know that this is natural characteristic and beauty of older homes.Regarding the cracking noise this could be from a couple of different things.

I have a great photo of him playing with a Frisbee in Red Square and he came home with a cap of a Russian officer. 

Then I spoke to some local residents/realtors and examined some stats on zillow for recent sales, and their prior sales - and the market has stayed flat, or even declined while the rest of the country has enjoyed the recovery last 4 years.I have some rentals in California, and while I dont expect CA type appreciation, the flat to negative trends seemed worrying, and indeed puzzling given the beauty I find in the area, the high quality of construction, and the solid employment fundamentals.Any opinions on why prices are falling?