I have another question about JV partnering with my brother.  

Are there any potential problems with investing as an LLC and not as an individual? 

An assignment is part of the wholesaling strategy.You get a property under contract below market value, let's say property ARV= 400K.You get it under contract for $150KKYou ASSIGN that contract to a cash buyer for $250K.Your assignment fee would be (roughly) $100KThe assignment is part of the wholesaling strategy.1.

That's a nice situation you're in, and I wouldn't touch the underlying 2.625% loan.

I would double check all this, but my understanding is as follows:The property owner is still responsible for repaying the mortgage, even after condemnation. 

I want to get the BP community's take: Where do you see multifamily being in 20-30 years time?

I am considering converting the basement by installing an egress window, which would cost around $7,000, and adding wired smoke alarms.

(unfortunately I know this from experience.)

I can help with financing if you'd like good options there, too.Best of luck in your search!

Anything I should be aware of and counter with if needed?