This place needs a roof and central air, but I'll know more after looking at it. 

According to my PM, I need a new wall heater installed in one of my units over in Ogden. They quoted me $2,100 which sounds like a $500 wall heater and $1,600 in labor. I guess that contractor needs to make a payment ...

It needs about $80k for the big ticket items, kitchen, 3 full baths, siding and central air!

I am not good with this for several reasons including I am personally responsible for this debt on paper, but he is going to benefit from continued ownership of this property, improved revenue and cash flow from this refinance and I am taking all the liability.

My area is quite unique, constantly improving and almost recession proof due to proximity to big apple.  

If you find a value add deal, where there is an opportunity to make improvements and  increase the value of the building, a re-fi may liberate the borrowed down payment.  

That's a lot more certain than the hope a neighborhood will improve, and usually a much higher rate of "appreciation".

 listen to me spoiled socal kid, we don't necessarily have "weather" here in socal, so I can see where the line and share of bias can come in.I can't operate my business as if I'm in an aired climate.

My understanding is that you take the "improvement" (meaning - exclude the land portion) part of your property and depreciate over 27.5 years.  

It's got two year old central air units on each side, relatively new roof, and in a great neighborhood.