Basically, the tester uses a swab to check for lead residue on painted (or laquered) surfaces.

The 12.5 cap could make up for a slightly high NOI so at $800K it still looks good on the surface.  

As the owner, you will be in the lead role.Some things that quickly surfaced:1.

Any agent that wants to back door deal with you in that fashion and doesn't have these "arrangements" disclosed, would be committing a criminal offense if they executed the arms length affidavit without admitting a business relationship to one of the parties to the transaction.Sounds like your radar is working well in that you smell a car salesman.

My worse actual cap expense on any property I own was $41k (in 2003 dollars) when the city mandated my residence hook to sewer rather than use septic (drainage in high rainfall years was shown to be inadequate with sewage rising to surface).  

I get my business the old fashioned way with mailers, door knocking, open houses, cold calling, networking and referrals.

Something I do but not in any organized fashion.

At a specified time after completion and closing of the first building, I would proceed to purchasing a 2nd 1/3rd stake as above in piecemeal fashion, and then a 3rd.

As someone that at one time did professional carpet cleaning I can tell you that home owner cleaning really only cleans the surface of a carpet.

No painted friction surfaces.