We'll be paying for the first half of the build via a HELOC on our primary residence.

So looks like about 17,000,000 in sales volume so far this year.. now to be fair and balance this is in our new build community. this is in a little Berg called Canby Oregon  the project is www.ivyridgeestatescanby.com  The market is anything but dead or bad..

Good news is you have a previous owners track record to give you a little foreshadowing into what worked for them and how to build from their wins and fails.

The Economic Development there is focused on building competitive regional talent, diversifying the regional economy, transforming Montgomery's image and building diverse community capacity.Back in 2020, BiggerPockets also did an analysis with similar results.

It is an amazing wealth building tool as an inheritance. 

If there are agents that are receptive, invite them to coffee or a lunch and build those relationships. 

The property is a 6-unit building in Los Angeles.Given the significant difference in current rents vs. market rates, I'm looking for advice on how to legally and ethically approach raising the rents to reflect market value, should I decide to move forward with the purchase.Some additional context: even if I were to negotiate a better (reasonable) price and were to successfully evict a tenant who is 5 months behind on their rent and charge the market rent for that unit I'd still be -$600/month. 

Build a small location with a resident managers home. 

I'd probably wanna cash out refinance, and only pull out the 10% I put into the building, but thats really it.

I found someone, who I trust, who wants to partner up because she has been wanting to invest in this building herself and she wants to bring all of the cash for the renovation, but also wants to split equity 50/50 (or something along that line, maybe 49/51) since she would not realize any gain until we sell.