Ask them questions to make sure they're not just a friend, like the address or other details the landlord would only know.

Whether it's completing paperwork or obtaining third-party accredited verifications, attention to detail is paramount.Never assume that raising equity will be easy.

I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing options You posted this same thing three times - in two it was a 36 unit and in the third a 32 unit.Do you have any other details about the transaction or perhaps wish to share your initial analysis so the volunteers here can poke holes in it or tell you why you're right?

More to the point of your post, the agreement of sale should have language detailing precisely how the escrow funds are released to buyer or seller.

I recommend visiting in person and getting to know Indianapolis on a detailed level, establishing a trusted team and meeting them in person (or at least Zoom calls). 

There are a lot of options with a 6 unit building, and I agree without more details that it will be hard to offer any specific advice. 

Search youtube, "Multifamily owner and baby boomer sells 18 units and uses a deferred sales trust instead of 1031" to here more details.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

The only reason I buy them is because I think that if I get one extra detail that was missed in another, it is worth the course price.The land riches blueprint covers building up capital, passive income, subdividing, entitlement & more which is why I value it more than others. 

My advice is to get proposals from several GC’s, compare their pricing, compare the detail of the proposals (make sure everyone is bidding the same scope of work) and ask around about how they have performed on other projects in the area.