There is a new main panel and the attic knob and tube has been upgraded for attic insulation, but it still remains everywhere else in great shape.

I have been looking at wrap around mortgages online the last few weeks in my Sub to searches, but was wondering if there is a benefit of doing this.  

But remember this is before any appreciation, AND before tax benefits from depreciation). 

From my perspective it benefits me just as much as it does them.

My partner and I were seeking a company called Rebo Gateway as the main lead sources to obtain leads. but the guy we spoke with was not providing my partner the information that we need to start out with them as are main lead source.

There are some services where you can report to collections and ding the tenants credit.This is why I believe term leases benefit the tenant over the LL.

Once you negotiate the main business terms in LOI format the LL will submit his lease draft for your client to then send to his attorney (MAKE SURE HE SENDS TO HIS ATTORNEY) for redline changes. 

Looking at the deal, I have two main initial concern/opportunities I don't have much experience and I'd appreciate any input/advice:seller broker marketed implementing Water RUBS as one of the upside (actually factored into NOI proforma in which asking price is based on).

My experience is mainly in multifamily properties as well as commercial investment properties, but I'm not feeling like it makes sense to value this portfolio like I would a single 104 unit property. 

Hello BiggerPockets friends,I guess I need some help in understanding the benefit and strategic advantage of cashing out appreciation on a property and using it to buy another property.If I appraise a property, I am borrowing that against another loan to pay some of the original mortgage and/or buy second property?