In my experience a partnership can be an excellent way to combine complementary strengths in order to realize a shared vision. 

These older buildings make for aesthetically pleasing apartments, but, unless the building has been modernized (particularly the building envelope) in the past 30 years,  the operating costs of some of the old stone and brick multi-units can have operating costs in the 60 - 75% of gross revenue range.The other thing to watch in Saint John is the local economy - which is struggling a bit despite the recent announcement of the refurbishment at the refinery.We've been watching this market for a few years and there are deals to be found, you just want to be most conservative in your analysis to leave yourself with sufficient cushion.Fredericton has a fairly stable rental market - being a predominately government and university town - but a recent wave of new construction has seen vacancy rates climb from 2-3% to 6 - 8% and I think we will starting to see a little pressure on those landlords who provide their tenants with poor offerings.  

Four of them I've had minimum repairs and one of them I've spent more than all the others combined.

I use a combination of my money and private money right now.

Combined cash flow pay the 3 single families off pretty fast.

And owner occupants, for rent to own, who did NOT pass prequalification that you can qualify in the next 12-36 months, have a strong combined household income, and are looking to purchase in the $150k+ range. 

The $3500 is for both buildings combined so for all 8 units.

I will say there are similar physical structures in the same city priced almost 100k less, but they are in terrible neighborhoods combined with high vacancy rates.

**SPOILER ALERT** - You’re most likely gonna love me, or think I am a jackass who possesses an overvalued sense of personal worth in combination of too lofty a set of goals & dreams“People refuse to take chances in business, because they fear the criticism which may follow if they fail." - Napoleon HillI have only just very recently decided to throw my hat into the REI arena.

I would like to use the entire portfolio and its combined equity and be able to work toward a line of credit of sorts, but that seems to be difficult these days.An LLC owns them all, does it make sense to quitclaim to an individual owner and then refinance (if this option is even out there anymore)There is a good amount of equity there, it just seems that with none completely paid off it is difficult to put that equity to work.Thoughts from any of you that have encountered this?