Lead/asbestos or not, these are repairs that are just a pain, messy, and you don't want to breathe any of it regardless of what it is.And, the build date is not the most important date; look for the effective age. 

Something like that so no it’s not and it would be a complete pain from what my land use attorney was saying. 

We investors can be a pain to deal with sometimes, and it's very different working with us than people who are buying, financing, and making improvements on primary residences.

The longer you wait to transition the more painful it will be because your investor base will be larger and you'll have more investors who might find it inconvenient to do the extra step of accreditation.

If she is a pain don't you think she is going to be saying things to scare off the new tenants etc....?

Than the real estate deflationary pain begins.

@Alejandro Villalpando I am hoping that the one I host will be back in person soon... we just need to find a venue again which can be a pain. 

Technically, you may be able to push all those costs back onto investors and raise the capital to end up with no money in the deal, before you ever close, but you had have funds available for the cash flow timing.Now on to more realistic scenarios, if you are trying to raise capital from outside investors, it is very, very common to be asked if you are investing in the deal, but understand that investors just want to make sure that you will feel some pain too if things go south, and that you will feel motivated to continue fighting to stave off a loss more, if you are personally in a position to lose too.As for splits and structures, you will see deals that run the gamut. 70/30, 75/25, and 80/20 tend to be the most common.  

Regardless of the investment vehicle, when the demand turns parabolic, as is the case with real estate right now, a significant and painful correction always follows. 

Thanks @Gaetano Ciambrielloand @Harrison Sharp thank you, p.s.