Quote from @Jordan Kaylor: What is a “seasoning requirement”?  

It is our goal to provide all the tools, resources, education & coaching any individual needs to learn how to build a sustainable investment portfolio to achieve financial independence & generational wealth through real estate investing.It should be noted, that while the Academy is not a requirement to invest with RTR, the individuals that do join the Academy are much more successful long term since they have spent time to clearly develop their own individual investment strategy & plan!

Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).

Even if we have no income there any longer, we have to file so they know we have not sold our new 1031 properties, as required by the state. 

Send a Lease Violation Notice immediately - by mail with proof of delivery required (cheap date through post office) and or affix the notice in a envelope with his name on it on the door of the unit. 

Just make sure you set up a LLC to rack up the required experience.

I've found deals in local online groups on Facebook, simply asking people for what I want. 

Thanks @Nathan Gesner I admit is seems odd that we couldn't require a SS#. 

If you are simply buying for a lifestyle investment, then you have much more leeway in what/where you might consider buying.

but end of the day lots of Black on your balance sheet simply is not a bad thing..