Our total invested into this property is 1.14 million among 10 investors (this amount does include a 250k seller carry loan to be paid off by the 2 of the investors over 5 years).This property was up and running starting December 15 and we have had it pretty booked since then.  

I was recently sent details about a 20-unit apartment complex that I’m interested in, but the seller's asking price doesn’t align with the numbers I’ve run.

You certainly can ask the seller to make the units vacant before closing.

Don’t lie to the seller.

Humans are highly influenced by recency bias thus the cash vs equity conversation swings back and forth.

What capital do you have available now to buy or are you only looking for seller financing?

Most land buyers who are developers usually stick to a very predefined region within their local market and they hunt and wait for killer deals and market swings to get the land they want for the very specific purpose they want.

Going direct to seller in pre-foreclosure and snatching it before auction sale.

This is specific to this, I have the detailed 411 on this, including full background on seller, why selling, how things have gone, maintenance history and recent updates/upgrades such as the newer roof, HVAC etc etc etc... 

Also Seller hasn’t paid property taxes in 2 years which is a sign the property is in distress.