Getting into a partnership with an established REI company

[Veronica Duran]

Looking for advice on how to go about this, and if you’d go for this opportunity. I was recently hired as a part time assistant property manager by an older man who owns a few rentals: residential, storage units and small retail spaces. He’s old and getting tired of it so he wants out, well, somewhat. He is looking for a partner, and my husband and I are tempted to buy in. The properties are said to be worth about $2 Million (I’d say they are more like $1.5M) with an income rental of $200,000/year. So what steps should I be taking in order to first, analyze this deal, and second, what steps should I take to offer a deal. Any ideas, opinions or comments are welcome!