You offered that number, but he had to go talk to his "partners" IE spam his property for a much higher price and see who bites before finalizing with you.HUGE RED FLAG.

Go Red Sox!!

HVAC - Phil Brainard, Phil's Comfort ZoneElectrician - Roy Kavalec, Kavalec ElectricRetaining Walls, concrete - Dave Jensen, Jensen Retaining WallsPlumbing - Jason McIntosh, McIntosh PlumbingConcrete: Big Red ConcreteFlooring, Tile, General Remodeling: Matt Seminara, Seminara Construction

At the same time, your entire  description of your situation sounds very unusual and full of potential red flags.No reputable crowdfunding platform would require you bring a check to the closing.  

Instead there is a word doc used in editable format where the attorneys (red line) changes back on forth until a final version and clean copy is ready to execute.

I'd strongly recommend taking a look at not only at redoing the HVAC, but also improving the insulation (including new windows/doors).If I were a tenant, it would be a large red flag if my utility bills were so high, and I knew I could go elsewhere and pay significantly less.So, take a look at all of this, run your numbers, and see if this property is still worth pursuing.

we invested in Redding, CA 

Welcome @David Hamblin  Lived in Holcomb for my first "big boy" job after college - worked in Garden but bought a house in Holcomb on Jenny St by the water tower - lived there 2004 to 2005 or so then later moved to FL and back to Wichita.

I know there are many BPers who don't like to invest in this area, but I am happy with the performance despite the borough red tape.I found 4 row homes (same block, same layout) in the same town (a few blocks north of the 'war zone'), they were purchased super cheap by the current owner and renovated around 3 yrs ago, 3 of the 4 currently have tenants @1200/mo.  

It also means there are no red flags in the paperwork.