That said, don’t underestimate the power of building relationships before you pitch a deal.

Still have to build stairs to top, install roof, plaster/paint inside outside, run electric, tile floors, build/install cabinets and doors, build porches, order and install windows. 

Regardless of the type of lender you work with, building a trusting relationship is crucial.

I found a really nice brick building with 12 apartments, 3 commercial business units and some garages.

Looking to build a solid team over here if possible. 

I’m based out of Lehi, Utah, and have always been fascinated by the potential of real estate to create opportunities and build wealth.After spending time learning about the industry and what it takes to succeed, I’m ready to dive in and start making deals happen!

BP has built a great selection, all of them worth reading and that will help you build foundational knowledge.To answer this one: the words from old school investor Dolf De Roos "seldom sell" and you will find a lot of post on BP from people who regret selling properties in the past.

Really just trying to build a solid base and gain as much knowledge as possible and eventually specialize in something.  

Did you know the seller previously or did you have to build a rapport with them in order to do this?

The modest cash flow could be reinvested, eventually allowing me to build a portfolio of income-generating properties.I recognize your point about needing $2.5M–$3M in cash to consistently replace a six-figure income.