Taking over landlord's business

[Sean Butterfield]

Our ex landlord has proposed to us the sale of his 40-plus rental properties as he is in declining health, and as he put it, he's just tired of it. The bulk of his properties are single family homes, with a few du/triplexes and 12+ unit apartments. He's been at it for 15+ years so I can understand. What in your opinion would be our biggest hurdle in acquiring and running a turn-key operation like this? He stated that he would "stay on" in a consultant/mentor role until we got the hang of it, but we're not sure how long that would be obviously. Has anyone have ANY advice/thoughts on how we could pull this off?