Being able to perform, simple as that.

From what I've read it seems like I should be able to find a local bank or an investment bank who will refinance the loan, assuming that it cash flows and is increasing in equity through decreased expenses and increased income coming in.When going to those local banks do they look solely at how the property is performing or does the owner's personal credit come into play?

Tenant further agrees that all alterations or repairs to the rental property will be performed only by personnel approved and sanctioned by the Landlord in writing.While not in "legalease" you could have your Council or paralegal translate it into formal clauses for inclusion in your lease document {we purposely try to keep our Schedule A in everyday language, but did have it reviewed by our Council}

However they are rare and may not be excited about working with someone new until they know you can perform.

I would say finding a good property manager for the multiplex can be difficult and I've had my share of frusterations but the properties are still performing.

You can find fully performing at a 9 to 10 cap in good areas.

I will be able to directly compare the performance of each, a happy afterthought coincidence.I think either have their place when considering a buy and hold.

I would also ask for near 100% vendor financing (an earn out) to give incentive to start getting the property to perform .

Prepare ahead of time by identifying issues and questions you have, and see how they perform.

Owners love having a portal to access their property information and performance in real time. “ Ante VujicTenantCloud “I do all of that with TenantCloud and have closed my paid account with AF.