If not you will be losing money on this property.

You don't know how much rent you will lose from the broken lease until you get a new tenant in place.

Whatever it takes.I belive that I was brought to this state of poverty, as the way to make me realize, I have, literally, nothing to lose and everything to gain.

If you end up losing the house only your partners credit will be hurt and not yours if your only on title.

You are losing access to that cash that you'd otherwise have available for real estate investment (or something else).If you're ability to invest that cash as a real estate investor is high (10-30%), then this purchase will likely be negative cash flow for you, so again more likely an expense than an investment.Your own mention of this being an emotional decision suggest to me that you know this is a luxury expenditure and not an investment.

The fact that your aged improvements lose their value is lost on so many people, and is why all the logic about: improve your kitchen and get 80% back!

Most reasons are up here, I didn't read them all, but a plus with a multifamily is if you lose one tenant you've only lost half your income.

"A little guidance" could range from answering an email or two to hand-holding or taking over to make sure the project doesn't lose the investors money.I'd start out with a 50/50 (not 40/60) split with hourly rate for any of the investors time.

If he doesn't die but loses your money, you can call on the SEC to get your money back.

The only idea I'd have would be to contact the current owner, who may or may not be very excited to discuss the auction where he's going to officially lose his building, but the current owner is actually someone we know, not real well but more like a friend of a friend and I just don't feel comfortable approaching him about this building he's about to lose.