This^^^^^Unless he is loaded with cash reserves and can take a loan out based on his liquid reserves.

Purchase price: $4,100,000 Cash invested: $2,000,000 79 unit value add apartment complex with roughly 800k in cap ex completed What made you interested in investing in this type of deal?

The metrics are different due to the financing benefits from being <5 units and corresponding down payment requirements.

I've been reading more about subject to and here's what I've learned:-Good for sellers who are off market-Have low to no equity-Have a mortgage with a low interest rate (less than 5%)-Be absentee or out of state (vacant property, or have a tenant)The buyer would then take over the mortgage payments, and have the seller sign the deed over to the buyer.

We have invested in mobile home and multi-family syndications, and we want to diversify into a different segment with good cash flow and some growth opportunities.

Are you starting with some available capital or other investments that you can turn into cash to buy a deal?

I would recommend fixing it and then determining whether or not to sell based on cash flow and profit after the sale.

If you're dead set on that path then I would recommend getting a google meet with the person and give them as many advantages they have to using you as opposed to a property manager ex: guaranteed rent, more exposure, and less fees (use chat GPT to get a good list).I would emphasize the fact that it is much easier to get rent, and there is less risk to them in the sense of cash flow.

So cash flow isn’t the biggest concern.

Did you purchase this property all cash?