You'll want to get an idea what comparable properties are selling for/renting for/etc.

Hi Account Closed that's a good idea/question.

Idea is to drill 'spectacular service to the tenants' into my Property Manager's head! 

I’m trying to get an idea of a pro forma P&L, and I honestly have no idea what the costs are, outside of the costs of the note itself and legal expenses.

I live outside the duplex location area and am very rarely able to make the trip to deal with issues such as this.Any ideas of how to approach this?  

It was of interest to me because I had just wrapped shooting an ultra-ultra low, no budget movie and had this wild idea that maybe I could get this theater, or another small town theater, to show my movie.

Also holding a free cash flowing property isn’t too bad of an idea.

I’m planning to do most of the work myself so wanted to get an idea of how long it may take (I know every house is different).

So if he decides he wants it back he can buy me out and I still get my $$.What gave me the idea was our city auditorium was slated for demo.

Interesting  idea but I'm always leery of 100% mortgages...but im always on the conservative side of things.