I would appreciate any advice on anything I may be missing with putting this together or should neogotiate before finanlizing.Negotiated so far:Property: 9 Unit - 7 Apartments + 2 Commercial Garages (4 unit apt building + 3 unit apt building w/ commercial garage attached + standalone commercial garage on same lot)Background/Why owner is selling: A seasoned builder of 50 years, the owner purchased the property in the 1970s for around $8,000.00, later developing three apartments and two commercial structures.

You also will want to stick to on market properties at first because the purchase process and evaluation process (namely title and inspections) will be more defined.

If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

Purchase price: $80,000 Cash invested: $80,000 This is a reno- adding a 1 bedroom unit to a three family home.

I invest in Memphis, TN and I use the BRRRR strategy for most of my purchases.

Feel free to DM me to schedule a call, I’d love to help you out with this purchase!

For example, if I talked with a PM company and I like what I hear and intend on using them but I have not purchased a rental property yet. 

I have purchased my first home already!

Purchase price: $245,000 Cash invested: $80,000 I served as the buyer's agent acquiring this property.

Are you trying to figure out what your strategy is going to be when you decide to move into your next property after this first time purchase?