@Lucas Helliker I am a multifamily broker who only sells multifamily in the KC metro - typically 5-50 units but go as low as 2 and up to about 72 units.

I have heard a little about seller financing and it seemed interesting but just unsure how to find deals, start, or how the negotiation typically goes.

Properties are typically $100K.

Also, Fixated moved my closing date a few times, but luckily I didn’t have another deal at risk.Does this sound typical?

So if you have one unit advertised for rent on 6/1, another on 8/1, and another on 10/1, this will affect the depreciation  % on the tax return.Repair vs capex: capex would typically include all costs prior to the property being placed in service INCLUDING mortgage interest, insurance, property taxes, utilities, etc.

@Elizabeth Ross - make sure you are familiar with South Bend - houses for under 100k in South Bend can typically be in pretty rough neighborhoods, so be sure to do your due diligence. 

Out-of-state investors typically focus on larger cities like Louisville or Lexington, which dominate about 75% of discussions I have with OOS investors unless it's an STR market.

There are many buyers and sellers of sufficient sophistication not to require at least some of the typical bundle of services.

Typically it's better to have the seller pay the buying agent because that amount if you paid it would still need to be capitalized and won't be expensed entirely in the first year.

We do some cosmetic improvements to bring homes to our standard, typically carpet and paint, upgrade lighting etc.