Remember HML have a countdown clock and are only good for usually 12 months.

A couple of months ago, I purchased a property using a hard money loan for $115,000.

Quote from @Milena Garcia: this sale I hope is all done after 2 months..

When I began direct-to-owner marketing for multifamily (12-40 units), I realized it usually takes many months and touchpoints to build rapport with most sellers where they are willing to really open up about their property and financials. 

That sounds like a lot of work and I'm sure he would prefer to avoid that work and just sell it for $1.9m or $2.0m.if I were to buy it from him, to get to cash flow neutral I would need to increase rent on all 6 units to market rates and my monthly payment would need to be close to $6.2k/month, which would be $100k down payment, $1.7m loan with seller financing at 2% interest rate and flexible ballon payment.What would you do if you were me? 

Yes trying to find info as well, offered 1031 and/or straight investment $s w 6 month min lockup period for a return in the 14s, seems too good(i know what they say, lol)

So I do currently have income from my rental properties, however it isnt enough to cover our current costs over here for the next 6 months.

One of my recent favs is someone who's Instagram profile read  something along the lines "0 to 500 units in 6 months".

Keep in mind that pool maintenance and chemicals will set you back several hundred a month, plus higher insurance, utilities etc.

Looking to get started in the next 6 months.