First time real estate investor to practice Master Leasing

[Michael Figueroa]

Hello Guys! I am not from the US. I am from the Philippines. I am 23 years old, graduating student. I am planning to do a Master Leasing of Apartments in our area. I am pretty nervous if i can really do it right. Honestly, my concerns are the possible vacancies, maintenance, and limited start-up capital.

Here are my conditions on my investment to look for:

1. Rent all the units and carry the maintenance cost.

2. Negotiate for the 10% or more deduction of monthly payments to the owner, fixed for 10, 20, or 30 years.

3. Add Value to the property immediately to increase the rent for 30% or more.

4. Negotiate for the 1st payment to be payed on the 2nd or 3rd month. The balance payment shall be pay on the 18th or 20th month.

Should i start with how many units?

What if the owner is residing in the Apartment? Should i still deal with it? (I am concerned about this. What if he envy me for my income on the deal and badmouth me on my sublease tenants and they leave?

Please help me. I will appreciate all your advices. Thank you!