So I went to see my favorite PM and asked her if she knew this David fellow and told her about our conversation.

So far my opinion is they have all ben 10 minute conversations that end up people wanting to move down here, but that's about it.

This does not mean you shouldn’t learn about taxes so you can have intelligent conversations with your CPA or accountant.

Then reinforce your phone conversations with email to have everything in writing.

This is our third multi-family arbitrage that we’re working on, and I thought that I would just share the email that got things going after the initial phone conversation.  

(We do clean the grills, routinely) For central HVAC systems, dryer vents, kitchen and bathroom exhaust vents, they do indeed need duct cleaning periodically based on actual buildup of grease, lint, or other drek. 2) If the exposed grills were actually dirty at move in, or if there was any indication/conversation regarding sensitivity/asthma or similar concerns, and depending on just how dirty the ducts are, I might consider having the ducts cleaned, except for #3.3) Check local law, but you should be able to simply "non-renew", with no reason.

I had a client kill it doing roscoe village 2 units to single family conversions few years ago, rinse and repeat projects. 

Decided to keep the conversion.

@Meghan McCallum  nope your good... its just spirited conversations.. everyone has an opinion or point counter point..

Hey BP,I heard an interesting conversation about equity restructure once the property is stabilized and refinanced.