I have warranties on other properties but am starting to think it might make sense to just pay to tent when needed, rather than paying several hundred dollars a year for the warranty, as my parents did.

This is a good point and IF the tankless is actually cheaper oncevyou factor in lifespan, then yes, it would certainly make sense.

If you think $100k would still make sense why not start at somewhere around $80k and see if you can get some seller-financing on the deal?

Cash ready, pre-approval letter done, ready to move if the numbers make sense.

If I ask you what you are looking for in an investment property and you say "anything that makes sense," I don't want to work with you.

I am more of an active investor that builds/flips for now because cap rates don't makes sense to me, so most of my experience comes from that side of REI, but I am very knowledgeable in all areas of REI.

@Michael Plante, Portfolio lending in your sense would be lending on YOUR portfolio in its entirety vice lending on each asset individually.  

I like that unit because of it's location, but at the current rate, numbers-wise it makes sense to sell.  

It was like this thing was some electrician's (with zero sense of aesthetics) project house.While I'm on the photo above, the architect, suggested changing the ceiling and having it follow the roofline so that the room felt better.

Hi Sean, For an 18-unit, the three common sources of capital that you'd want to look at will be local/regional banks, the Freddie Mac small-balance program (if loan size > $1M) and the Fannie Mae small-balance program (if loan size >$1M).