I heard that you would need to get neighborhood approval in addition to the city approval... 

They will have additional costs for mailing & online campaigns to get leads.

We rehabbed the entire property and added an additional bedroom to each of the units.

Let me know if you need any additional information, feel free to give me a call. 

Feedback has not suggested property needs additional repairs/work, only that they are looking in a different area.

Not a big fan of LTR furnished units, the additional wear and tear isnt worth it in my market and of course smoke smell can be hard to get out. 

Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.

Yes, I still did my own due diligence but PPR saved me hours of additional research.Perhaps the biggest reason I ended up working with PPR is because of the BiggerPockets community validation.

I don't anticipate things to be that bad this time, but the value dropped over 25% back then and we are unsustainable at the point of the affordability cycle we are at now.You basically will be buying a monthly debt, speculating the value of the property is eventually going to go higher than you bought it for.

He has owned it for over 30 years and has no debt, so seller financing is possible and he doesn't need a large amount of cash soon. 4 of the 6 units have been recently updated.