Portfolio Purchase Advice Sought

[Chris Licavoli]

Hello BPers!

I have had in the past and anticipate in the future being offered a portfolio of rental properties from a retiring investor. Back then it was like...deer in headlights response. I would love to get some advice on how to analyze and take down such a deal. Would one have to analyze p&l of each property and try to cherry pick or prepare some sort of business proposal for a bank commercial loan. Should it be analyzed like a multifamily on NOI or computed based upon comps for each individual property? One thought I had was compute the owners net monthly CF, purchase for him an annuity that gives him equivalent CF and take over all properties subject to existing loans.

Any advice would be appreciated