I'm not sure what part of the terms are good for the sellers you are approaching.

Any responses to Chris must be ideas and suggestions for approaches.

The IRS is even challenging time spent searching for properties; stating it is their position this is "passive" and does not count toward the 500hrs.

I guess I'm asking what approach would be more beneficial to me and still allow me to make the deal and come out on top.

We have about 55 units, and have thought of approaching a few other investors.

If the numbers work, I believe its a great approach to your business.I know many landlords that have rentals in their own neighborhood.

Getting the utilities in-line was a challenge, but we did a lot of work on tightening the place up, installing high-efficiency HVACs (one per floor), etc.

There has to be another approach, other than landlording, that I could possibly capitalize on.I am willing to pay/jv/parnter...whatever I can do to get to an income producing level that will make this transition viable.I just feel like I'm missing something..............

I think its challenging and rewarding.I took a very good seminar back in august and since then I've devoted 101% of my time, personal resources and efforts to succeed.

Buyer gets cold feet, backs out before dropping off option fee / earnest money.Day 44 - Submit highest and best offer to bank, for offer #3.Day 60 - Bank comes back, tells me to write a report to challenge price to get offer accepted.Day 67 - Offer #3 is accepted.