oh my god this is utter Bull...s#$%1. $1500 "discount" for LLC formation is probably 900 for the cost and 900 for them filing the form.

We are currently in the rehab stage of the property, and we are doing everything ourselves for the renovation excluding the heating and air.

A tank system should have some kind of multi stage filter and UV system to assure microbial and particulate control. 

While it’ll make you feel great to have an exceptionally beautiful condo, you’ll have to pay a significant premium, which you’ll be unlikely to profitably recoup through your rental income.On another note, many developers offer a discount if the buyer pays 100% of the purchase price or at least a large part of it at the signing of the contract or at the early stages of the construction.

In Fall 2022 I bought a 3/2 (half of a duplex) in a neighborhood that’s in the early stages of up and coming, my thought was to get a rental to break even or lightly cash flow and appreciate over time as the neighborhood improved.

I would consider investing there at a later stage in a career when the yield is not that important anymore.I was by coincidence talking with another investor who only buys occupied apartments and gets them out quite easily by paying them a certain amount.

It had great potential, but was in the beginning stages of construction.

I'm still in the early stages of navigating this whole process and building my team. 

The seller should have sent a letter naming you as the new owner and informing them of the pending transaction.Here's the letter I use as the buyer, which should complement the seller's letter:Dear (tenant):We are excited to announce that our company is in the final stages of purchasing the building within which you reside, and I’ll begin managing the property on August 12, 2022.

We remodeled it, staged it, and sold it for $135k.