I broached this discussion to learn whether there's a formality, which you astutely stated,  to addressing the executor.

My math showed it is a 9 cap based on actuals and will be a 13.5 cap after it is re-positioned (market rents, sub metering water).

If you want to discuss how that works, get in touch.

That is awesome discussion.

My friends and family are very scared of RE and constantly warn me about getting into it. 

I have read a few of the articles on here that have discussed how to analyze multi-family homes.I do have a couple of questions revolving around the financing.

I have posted elsewhere how I structure my land development deals but here I will discuss how I negotiate them on the MLS.By the way, I have been an active agent since 2005 and no I don't work with investors LOL (although the listing agent on my team is very good and I do refer stuff to her).

@Sal Mazzone Do you trust your partners...why could't you relinquish your interest in the LLC temporarily and then re-join after the deal closes?...

Most of the demo has been completed, all windows replaced and the home was re leveled.

I've slowly been discussing the idea of investing to her and she's completely on board with investing, but she would rather do the comfortable option and use the profits to put into OUR next home.The way I see it, I have several options (probably more that I don't see as well)We could sell and use the entire profits to put into our next home.