You never know a person's situation.A couple other reasons why a person would seller fi:1) they have had other offers "fall out" due to any number of issues with financing2)  they have a "unique" property, which may be difficult to sell using institutional financing.

any issues with decks you fix right away. as far as fair pricing goes.. my rule of thumb is unless i know the work being done and have something to reference, always get 3 estimates, no matter what agreed on the flashing. i’d personally say do it. my first rental had a basement flood the first month, so i’m hypersensitive to water and any path it may enter a gmhkmk

I'm looking for some resources where I can learn how to properly analyze deals, especially larger and more complicated deals with multiple sources of financing, multiple tiers of investors, rental income to consider, vacancy rates, etc.

To people that are used to living in houses built in the 70's and later, not having a bathroom on the top floor may be a deal breaker, but if this is a popular part of town, particularly if it tends to feature older houses (1920-50's), then the people looking in that area will likely not mind as much.Now, if every property around you has multiple bathrooms on each floor, and yours is the outlier, then that could be an issue, and you will need to price rents accordingly, but overall, you can't please everyone, including your friends.

Shared Features: Partnerships provide access to a larger pool of financial resources and more features and benefits to both partners.

It is more volatile, but it has higher appreciation rates because property prices are so much lower compared to the surrounding cities.Did you hear of the water shortage/water rights issue in EPA? 

Tax Adviser has a great read on the topic, linked below, fairly technical, but gives you an idea that it may not be as black and white.https://www.thetaxadviser.com/issues/2012/aug/clinic-story-0...

Because they are living in the property, there is a larger margin for error and people seem more willing to take action instead of sitting on the sidelines, like so many wanna be investors do (this is the most important part!).

Hey Richard, I work with other NY investors in both smaller and larger multi-family deals here in OH.

This included modernizing the interiors, enhancing the landscaping, and addressing any structural issues.