I have no time, and I found a 2 percent deal, now what?

[Steven Westlake]

So heres the basics. I’m a full time landlord and currently building my own custom home ( remodeling a commercial building into a home). So in short I don’t have any time left for more projects for a while.

My also a landlord buddy has decided to sell all his stuff in central Ohio and retire. A lot of his stuff is already gone. But he has left a multi family left, that he’ll sell at 2%. For those who don’t know this place has $3000 per month income and he wants $150 k asking price, so 150,000 times 2 percent equals 3000 per month. That’s double the 1% rule, or really good cash flow. It’s also fully rented. However if it were me, I would update some stuff.

Expenses are About $360 for water and trash. Around $250 natural gas. Around $200 electric.

All those are monthly

So here’s what I’m thinking, instead of wholesaling it, which would show up as short term capital gains, and then nothing afterwards. I’m thinking there may be some a way i could keep 10 to 20 percent of the deal as a silent partner. Has anyone tried anything like this or has a better idea, please let me know what you think.