I am in business to establish enough income to give me and my family the option to not work anymore.

Also, I have the furnace and a/c units cleaned/inspected annually as well (at different times), since those are big ticket items to replace.

I also prefer to professionally clean the place before a new tenant.  

Also, you have insurance, tax, loan servicing as well as equity being established that will put you into a judicial foreclosure under state laws.  

Convince yourself that this property has a clean title.Assuming the info is available to the public, I'd want to know what he paid for the property.

Best ROI if you sold them separately as condos but then you have to establish a condo association.

Corey, I thought you were in a bank, LOL, I see you're a HML now, good luck.You're right about the growth among seniors, most running through established brokerages and REITs, pools on much larger scales than we generally speak of here. 

I have very simple but extremely "it all depends" kind of questions, but if I provide these following details perhaps the answers can be black and white and not so grey.Ok so I'm a starting investor and my essential goal is to own ten 4-unit buildings (40 units total), and cash flow $10,000 a month, clean income after all expenses.

It will mess with you naturally, you might think someone is going behind your back closing deals et...And last you guys need split EVERYTHING 100% and make sure your partner understand finances and what it take sto keep business flowing, if hes bad with money and you are, you will end up fronting every time mailing need to done etc..And it will hurt your relationship...Both you and your partner need to know, it cost to keep phone lines on, buying your mailing list cost, sending mail will cost, you might hire a couple VAs to do small things.. that will cost,  cleaning your list up making sure your addresses are correct will cost, going to see clients will cost you..Theres alot to having a partner so think of these things when you get into business with someone...Iron all of these out from jump..And of course things happen maybe a family emegengy and your partner cant afford to put as much everytime...Just make sure you work all of it out...

Just make sure to properly clean and seal it (the existing floor) so that the adhesive will properly stick to both floor and vinyl planks.