Work hard to utilize strong resources and build good partnerships but going into the deal locked-in with a partner isn’t the best route especially if you are just starting out.

One major thing I would strongly encourage is to keep an open line of communication and make them feel welcomed.

In addition put it in writing that you either require or strongly suggest that tenants get renter's insurance for things like this.

The only way you're going to get a HML is if you have a long track record of success and strong relationship already in place.I would use the BRRRR equation to set a max purchase price: [(ARV x .75) - Reno Costs = Max Offer]I'm very nervous about having MFR tenants responsible for lawn care.

We have only purchased apartment complexes thus far (1,500+ units), but have strongly considered alternative investments like mobile home parks, as long as the numbers make sense.

if so, that is an opportunity to strong arm your request.Overall, this needs to be a professional letter. 

Indiana is a strong state (financially, low taxes, landlord friendly, better growth rates, etc) and is only going up.

Just be sure that you have a decent cash reserve, and you're buying in an area with strong long term economics.

For STNL (pharmacies, grocery stores, home improvement stores, Costco, Wal-mart, auto stores, national to strong regional corporate gas station brands, dollar stores, some national corporate credit QSR's, Davita Dialysis & Fresnuis) still have lenders bullish with 30 to 35% down and some have interest rates in the 3's.

They want to see strong debt service coverage and adequate (but not excessive) expense numbers.