How long were they tenants and how often did you do inspections.It is not practical to rely on tenants reporting issues and falls on the landlord to be aware of and regularly inspecting a property for issues.

This is also where we get a bit into the idea of pricing strategy, and that strategy will vary by property, neighborhood, market and agent.

Based on your question, I am assuming that you are looking at your local/regional bank, which means it will vary from bank to bank, so I would suggest shopping around to see if they can waive the recourse altogether or at least for non-managing partner(s).

Wouldn't the utility cost vary greatly from complex to complex depending on the heat source, vintage, building condition, etc?  

(I understand that can vary depending on countless variables) What is a fair interest rate to borrow from family?

Could vary a bit for a HELOC.

@Amit Friedlander investing from out of country can be difficult and you really must find a trustworthy team to rely on.

What is used as collateral can vary widely.

He's buying notes for pennies on the dollar, however, and his options will vary by the margin he buys them at.A 'class type map' of Milwaukee doesn't exactly exist, and I think they were outlawed altogether when fair housing laws were passed ;) You could, however, look up an old HUD or FHA redlining map and the damage that those housing practices accomplished is still reflected today in many areas of the city.

Repairs vary.