Good Point Don, but If I sit on the side lines and try to learn everything before jumping in, I might end up on the side lines forever. 

Commenting to get notified if anyone else chimes in, I'd be curious to learn more about it! 

Is the logic behind that to make sure everything is structurally sound to get a clean report?

Not sure if there are any grandfathered rules or is it similar for all states. 

@Katrina Dividina  you are experienced so hopefully this is just forum-splaining :) just make sure the zoning allows it...sober living is usually addressed individually in the code and has its own hoops.Banks are charging 7.9% now and probably up so I would want a deal on the rate from the owner--where is he going to get 8%??

Make sure you're all on the same page.

The last time I did an apartment rehab was over 5 years ago, pre-covid for sure.

I'm still learning all the numbers and don't understand how you basically got the money free and clear. 

They have worked on a lot of projects for investors I have worked with and I'm sure they could help you on this current or future projects .

I'd love to buy you a coffee, chat, and learn from your experience!