We have kept two properties long term, and are interested in getting into multi-family opportunities, and unique properties. 

The place doesn't even have a functional septic system and is in very rough shape (I plan on $100K in reno) so I am not sure how they are going to move in let along get financing for it. 

So in hindsight, I guess it's a good thing that I never bought any of the "systems" they were hocking.

However, you reach a point where you start paying a premium for the installation, as roofers have to use jacks & tethers to stay on the roof.Since a good quality, well installed flat roof system - even those installed 20-years ago - should have had a usable lifespan of 20-years (modern systems, well installed, should be expected to last 30 - 40 years), I would seek a new roofer.  

Anything that constitutes a major inconvenience to the tenant, such that a reasonable court would find one negligent for not addressing quickly, constitutes an urgent maintenance need.Example of the former: leaking water, gas, exposed live electrical wires, smoking in electrical panel, dangerous leaning tree, etc.Example of the latter: poor heat performance of heating system; clogged gutters overflowing causing basement dampness; etc. 

Put in any offer, even if you know it won't be accepted, it will get you used to your systems, and learn negotiating skills for the real deal!

Typical guru always comes back with claims of a room full of attorneys blessing their system or product and denying any unethical or illegal aspects.  

The difficulty really depends upon how the heating system was installed from the get go.  

Lori, really not possible, a market cap rate is only used by an appraiser as a rate generally accepted by other investors, which is nothing more than an educated guess of an opinion as actual cap rates are historic and only applicable to each unique investor.

In addition, we occasionally get individuals that “know someone” that’s done business with us and because of the unique approach new investors can get confused on the process we follow.So here’s a breakdown of questions and concerns that frequently come up. 1.First and foremost, if you are a customer and you’ve had an experience that’s caused you any frustration we’d invite you to contact us directly and give us an opportunity to resolve your concerns. 2.Most Hard Money Lenders require 10-20% Down, decent credit and some experience.