I have discussed HELOC on this property, concerned with potential high payoff when I sell the property after repairs. 

It's good that you're concerned about successfully paying back your uncle.

My concern is that what if the existing shareholders don't want to sell the shares, then, will they become a partner in the deal or just continue owning the shares equivalent to the apt sq ?

A key difference with section 506 investments concerns the products themselves: they are not regulated by the SEC and Investment Company Act of 1940 which governs stocks and mutual funds.  

The owner said he doesn't want to sell them individually but as a package and said it would be a lot of work to get them unified as far as the parcels and such are concerned.

Can anyone give me a rundown of decent neighborhoods in the Orlando area, ones to avoid in concerns to renting, and any recommendations PM or forum here of good apartments that my fiance and I can investigate.

My market is extremely competitive, houses are selling for well over the listing price, and at a very quick pace.  

Hi All,Been a landlord for a few years in CT, but am curious as to what others are doing concerning 2 items:1) Insurance for non-owner-occupied Multi-Family properties.I recently switched a 2-family that I used to partly owner-occupy to a Landlord policy, since it is now fully rented.It's in a great area, in awesome condition, updated plumbing/electrical/safety, etc. 

Advice was given out of concern for a fellow BPer.

In my experience “buying” in the inner city rarely involves the exchange of cash.Regardless of where you rent my concern would be that you have planted a seed in an otherwise good tenants head.