And, know this:  The #1 reason that Landlords fail is their failure to manage to the lease (source: American Apartment Owner's Assn).  

About to close on a 10+unit apartment building and my wife and I would like to self-manage as much as possible, as I am local. 

If you would like their contact info, feel free to reach out! 

I have some who will simply lend 100% of PP and 100% of Rehab  up to 70-75% of ARV in parts of the midwest and SE - feel free to shoot me a DM and we can discuss! 

How do you think the 2 relatives will feel about having their rent raised or being required to pay rent period?

Here’s the Real Secret: Sellers want to feel understood, not sold to.

Sure it does. but depending on who the celebrity is/was.....That's why so many little hotels, boarding houses, vacation rentals, etc..... feature this in their advertising.And in some cases, you will not get more money, but you will get more guests.A little while ago, I went to Tombstone AZ and stayed in 'The first boarding house in Tombstone'....really cool place but kinda small and, well....old feeling.

Keep learning, stay focused, and don't hesitate to reach out if you have more questions or need further guidance.Good luck on your real estate investing journey If you have any more questions or need specific advice, feel free to ask.

So, I feel its building calluses for the next deal that's larger... and the next... and the one after that.

I am currently selling a 16-unit apartment complex, the first one to sell since 1998 when this buyer bought this one!