Adjustable Rate Index: One Year T-Bill (1 Yr C T) Change Index: 2.75% Rate Change Frequency: Annually First Change Date: 11/01/2010 Int Rate not <: 2.75% Int Rate not >: 10.87% Maximum Interest Rate: 10.87% Interest Only Period: Prepayment Penalty Rider: No Prepayment Penalty Term: Mortgage Record Recording Date: 07/31/2001 Document #: 2001-222392BK-PG - Loan Amount $211,500 Loan Type: Unknown Loan Type TD Due Date: 08/01/2031 Type of Financing: Interest Rate: Lender Name Lender Type: Lending Institution Borrowers Name Vesting: Joint Tenants Prior Transfer Recording Date: 11/07/1989 Document #: 15463471 BK-PG - Price: $220,000 Document Type: First TD: N/A Type of Sale: Mortgage Doc #: Interest Rate: Lender Name: Buyer Name: Buyer Vesting: Seller Name: Legal description Abbreviated Description.

There's not a ton of activity in Richmond and you're competing with NYC private equity companies in the B-C neighborhoods.

@Marc C.

Property Type - 2-4 MF or SFH Neighborhood - From what I understand this varies street by street but I'm generally looking for a C+ to B.  

Blake C. yes, however the LLC must be taxed as an S or C corp.

Class B buildings should generally not be functionally obsolete and should be well maintained.Class C The lowest classification of building and space is Class C.

Say I pitch in 30k, Investor A 40k, Investor B 10k and Investor C 20k.

Thanks for the input @Allison Cole @Brian Cloud and @Zachary C.

The previous tenants decided to take the A/C unit and all the wiring.

This means $A for principal, $B for improvements, $C for taxes, $D for insurance and $E for interest.