Because it can really make or break a deal, especially if you are not aware of the true cost.Good luck, and feel free to contact me if you have any further questions

Only hindsight will reveal the true answer, but I have personal experience that it is possible.

Right now, I don't see that many true opportunities in the market. 

Beautiful city was driving through it the other day amazing how much luxury new construction 

That sounds too good to be true.

Obviously we still need to discuss and get more information to try and determine its true valuation, etc...., but we thought initially it would be best to offer a cash down amount($20,000) and then offer a percentage of revenue over a three year time frame. (50% of management fees collected: yr1, 30%: yr2, 20%: yr3) until the balance of the "acquisition" price was met.Again I know I've left out a lot of info but this was just to hear some ideas or previous experiences.Some generals:Approx. 100 doorsMost are 2yr leasesMost are long term clients of the current companyAverage rent of $2300Thanks in advance and have a great weekend! 

Beautiful site!

I'm particularly passionate about small multi family properties.Outside of real estate, I am a registered nurse, a husband, and father of two beautiful children 😊.

There is no true "science" to it and it is a bit of an art, but to answer your question, you are doing all the right things, and I would not let 2 rentals that have been on for a long time stop you. 

Goes with the job, I live and work in the territory I work in.The following things I believe to be true: you could definitely do this; you will definitely take on more risk.Food for thought: building a strong network of folks you trust would be a must.