The rents were substantially below market and we identified significant arbitrage opportunity through select unit and common area upgrades, leading to rent increases and reduced operating expenses.

I am finding that these properties are currently operating as either a triplex or a quad, but an inspection being done as part of the financing would trigger a report where I (the buyer) would have to deal with the penalties.

Hey folks,Looking to connect with one more buy & hold investors (or PMs) operating in the Albany/Schenectady/Troy metro area. 

For this deal and any future deals we want to do, we are going to have to significantly increase operational infrastructure. 

🔽A drop in lumber prices has invigorated demand for commercial building projects, especially for multifamily product, Sherwood Lumber chief operating officer Kyle Little told CNBC last week.

Who is using Stone Plastic Composite aka solid polymer core aka SPC for rentals? 

not any license I am aware of.. you will want to discuss this though with an attorney in the state your operating regarding setting up a security.. especially if these are folks that are not in your inner circle.

It is planned to gross 180k this year and if I were to be owner/operator the business could net 100k a year.

Have you documented in your operating agreement anything about that or about how you conduct your money flow (lending)?  

So know the rules where you operate).