@Brie Schmidt I have a one year old, so the pain of child birth is fresh in my mind, hard to imagine something worse haha...

I'm fresh off getting the HomeStyle Loan, so if anyone has any questions about my experience, please hit me up.I'm looking at keeping my momentum and developing some economies of scale where I purchased my first property.

@Charlie McCurry @Natalie Vane Thank you- you both have two different perspectives which I like.

I would probably report it and document everything while it is still fresh - take pictures of the real walkway & the shortcut, etc.

White cabinets looks very nice in general, are in style, and have stood the test of time from a popularity perspective.

Following the thread to see more perspectives.

Plus, it is extremely fresh.  

To secure ourselves from the risk, we would ensure a detailed operating agreement is in place along with a personal guarantee from all of us, to ensure no one person gets left holding the bag if all hell breaks loose.Wanted to get a perspective from people who have done this before and things to keep in mind.

Furthermore, if I look at this from a different perspective, we could assume I pay him a very generous cap rate (for South Bend) at 8% on the adjusted proforma and subtract the cost of rehab (50k) we would end up an offer which is highly unlikely to be accepted of ~110k.I am looking for feedback on a couple things here.Which method would you use to analyze this property?

Every year one more house on Holton has a fresh coat of paint, a new porch, roof, landscaping etc...