@Scott MacLooks like a really complex ownership structure.Looks like there will be some California nexus since it looks like the ultimate people managing the affairs live in California.

It is a 14 unit residential apartment complex.

In many Landlord-friendly states you could purchase an apartment complex for this price and make significantly more cash flow.

After going back and forth with the attorneys and going through further negotiations it was decided that the ICA was too complex and gave a bit too much exposure. 

I see "God complex" sets in early. 

Had I written the article, I would add at least a few more: - sell when the property is one of your poorer performing assets - sell when a turnaround acquisition is not working to full potential - sell condos in >50% NOO complexes in a bull market to cash buyers (because non-conforming property that's leveraged can't be)- sell when you have a tax offset (ITC, accelerated depreciation, tax loss carry forward, etc.) - sell when you have a 1031 exchange purchase contemplated (or close to set up) and you have a disposable asset that "fits"Just curious if these conditions influence anyone else in BP Nation... please post if so.

This advice will be very general as there is a complex array of system options available in conjunction with regulations and site specific constraints.To protect or even increase the value of the property it is crucial that the replacement system meet current code (be “conforming”) and also provide a backup (reserve) replacement area.

@Michael SvobodaTrying to boil down complex processes isn’t always easy!

I just got a yr1965, 3 story apartment complex, mostly carpet currently, I originally planned on redoing all floors with LVT which I love using in my SFH's.   

I just got a yr1965, 3 story apartment complex, mostly carpet currently, I originally planned on redoing all floors with LVT which I love using in my SFH's.