Obviously the partner in the market of the property will have more boots on the ground influence but that doesn't necessarily mean a large cut of that property if building a portfolio is the goal.

That will destroy your cash flow you made.  

Remodeling then units is more about eye candy, just because it appraised for more does not mean it will sell for more, just means it sells quicker than the others.Good luck!

Kyle,Property Insurance generally is written on an "occurrence basis" meaning that the policy in force at the time of loss is the one that pays. 

You should also probably delineate what you mean by "mid 6 figures".  

Just because they sent a letter from an attorney does not mean they are filing suit.  

@Mary Joe Not meaning to be a smart ***, but if you are looking for passive, low return, risk averse, long term investments, what not just invest in a few good income (dividend paying) blue chip mutual funds?

There are other ways to do it, but exhaust your conventional financing avenues first before you start exploring alternatives but by all means, get the property under contract.Hope that helps.Stephanie

I do see single family developments and large apartment buildings going up which means there is the demand.

There are outright criminals that will take advantage of you and destroy your property given a chance.Hoping people are good is bad management.To answer your question.