Hey Josh, There is no difference tax-wise for the seller when their mortgage is assumed.

Choose your community wisely.

Even in the smaller markets, a life cycle of a deal can stretch out 6 months before the exit and that can cost 30k once all is said and done.I like to tell people 50k is a nice starting point capital wise. 

Full disclosure I am in the Midwest so if you're market is drastically more or less cost of living this may vary for you numbers wise. 

If you have a 300 unit property, this might be wise considering how much equity and value is in that one deal.

It isn't stated other wise.

I aim to utilize other people's money to invest wisely in buy-and-hold multifamily properties.

Current rent for a 3/2 is 2200$ .Is it wise to convert the officeroom into a bedroom by adding a closet and then market it as a 4 bed 2 bath for 2450$.What will you do if you were in my shoes.

A wise investor will not try to get rich quick with shortcuts.

Quote from @James Wise: Quote from @Chance Covan: New to BP but looking to get started in my journey to financial freedom.