Building also has common coin laundry in the basement for a little bit of extra income though he didn't specify how much it produces.He is currently updating one of the units before the next tenant moves in and said all of the units are in good condition but the cottage will need siding and windows for sure and maybe some other additional work to update in the near future or when the tenant(of 7 years) moves out.

A HELOC should be explored in addition to a cashout, lots of variables here as to what the best route is.I wouldn't put much weight into the neighbors, this is common and as investors we build thicker skin as we go forward via pesky neighbors and tenants. =)I would recommend your plan involve you not paying MI on your new purchase, so coming in with 20% down + would be my advice.

You could probably purchase the door (at Home Depot or Menards) as suggested as fire doors are common, then have then install it.  

Hello BP community,I'm interested to learn what most investors do with the portion of rental income commonly set aside for cap ex, repair, and vacancy costs.

The deed does not state whether they are joint tenants or tenants-in-common.

Hi Victoria Dransoff Once the tenant appeals the matter to the Court of Common Pleas, it can unfortunately get tricky.

You would treat it as "tenants in common".

it is somewhat common for properties in our area to touch, since they are built over 100 years ago chances are it is an existing easement if it is on your property and there is nothing you can do about it

Is it common to have a property appraised and inspected following a seller - financed agreement?

It usually looks like one single large apartment complex composed of 4 -unit buildings that is gated, shares parking, common areas, and sometimes has a pool.Here is an example.http://www.realtor.com/realestateandhomes-detail/2833-E-le-Marche-Ave_Phoenix_AZ_85032_M22535-23255Notice that the HOA fees are $7740/year, or $645/month.