You seem to be experienced and knowledgeable and I'm stuck between a rock and a hard place trying to figure out how I can move forwards.

Castle Rock is about the same as Kimball Hill, one of the managers left KH to create Castle Rock.

I've been listening and reading a lot lately and I'm on the fence on whether I should split that 80 into multiple downpayments for smaller properties or invest in something larger like a multi unit deal.Thx

3 long years later and they settled for $290,000 split between the title company and the bank.

Fire protection and splitting heat could be deal breakers.  

I don't have solid numbers on ongoing expenses, so I'm just using the 50% rule.This building would likely qualify for historic tax credits on the renovation, so we could expect to receive 40% of that $230k renovation (or ~$96,000) back in tax credits that we would split.  

My cousin friend told me he'll help me wholesale deals if we split 50/50 and he has a training course for $300 that teaches me wholesaling.

-Using the "50% rule" (that was a new one on me) I just split those anticipated operating expenses evenly between repairs and maintenance.

When is the rent due, what type of payment, when is it considered late, what chores are everyone responsible for, who gets to park in the garage, do they pay extra, how are the utilities split, etc?....  

The utilities aren't split up between the units?