I came across this deal while running comps for a wholesale deal - funny how things work out!

It sounds like a fool proof plan for cash flow on paper, I know things don’t always work out like expected but just looking for any advise or areas I’ve overlooked.

You're welcome and I'm sure it'll work out well.

Another had one entire building down (and needing significant work) out of three but the price was based on all units being up.

Factor in their cost and it will all work out.

It will all work out, raising 7% plus CPI is still a decent bump.

And if a product, like a shower valve or toilet doesn't work out, we'll just pop in and pick out a new one and replace it on the master list.This is with the caveat that I would never buy granite or tile from there. 

We are going through two workouts right now, so I’ll provide an update in the next 30 days as to what each borrower decides to do given the options we are presenting them with. 

If the numbers do not work out well for it as a rental then maybe you could use those funds to find a rental closer to you that makes more sense cash flow wise.  

I will have to work out how to deal with the codes when I get into town because my guy is unlicensed...So I am crossing my fingers there.