I know big apartment complexes do an even split for water and trash.

One - Heloc rates are very high right now in most cases 9.50 to 12% and are usually over 10-15 years.

Would love to know if there's a part of this process I am missing should another chance like this come up again..Thanks! 

Barrier to entry is better than much of CA, rents are high, inventory is low, jobs market is solid.

Greenbridge Property Management would be highly recommended.

I invest there ,I have a bounch of high end houses for executives and also middle income duplexes and triplexes.

You MUST legally delead that apartment if there's not already lead certificate on file with the state or she can sue you, and you will lose.

Future plans to make cosmetic upgrades over time as units become vacant to maximize future cash flows by increasing rents and finishing apartments to a high level that will encourage long term tenancy.

Highly recommend Adam and Host for all investors seeking financing.

My aim is to not only profit financially but to gain in the process some intangible assets, such as project management skills, getting to know reliable professionals (i.e. realtors, contractors, designers, etc.) for the long-term, getting acquainted with the local market's promises and pitfalls, and basically adding some entrepreneurial muscle going into my next project.My strategy is to go small: find a second-hand apartment in a good location (I don't have enough funds for a GREAT location...); no more than 60-70 m2 (that's about 650-750 f2) to, among other things, lower renovation costs; 1-2 bedrooms, street facing and with a lift (if said apartment is above the second floor); with good bones, i.e., needs only partial renovation.