If you are targeting small multifamily properties, that statement can be true, but if you are targeting larger units, the chances of paying cash are very small to none, as many people will buy it using banks and a mix of syndication, so savvy investors will ignore your letterThe PS section where says " or if they have tenants in the property."

Given your situation, a multi-member LLC could be the safer choice to keep things straightforward with the property transfer.

The price is posted, and it's the same with almost every other business.I would go online and do a rent comp analysis on what current market rents for your type unit are getting, and if you're afraid of losing them, then you can give them a discount.If a tenant has a larger space, more amenities, a parking space, then you can add additional rent.

@Shannon Brill we like RUBS too but for larger bldgs.  -- If the units are the same footprint, then why not just do 50/50 on utilities for each side and 100% when one is vacant.

Here’s how it works: You’re told you can accelerate your growth and get into larger syndications.

Hey Lamar, great to meet you, I have recently ( last 2 years ) been working to break into the same industry, with some success. my advice, talk to sellers. you have a few choices when it comes to how you receive leads, you can do outbound, thats calling.

combining multiple sales and 1031s and buying one larger asset. 

I just sent them a larger list with a bigger size to test again and if it returns as bad as the first time, I'd be looking for a new company.

The choice depends on readiness, experience, and long-term goals.Good luck!

I figured I’ll get to that point eventually, once my portfolio hopefully grows a little larger.