Focus on connecting with the ones who add the most value and ask for the least from you.

Updated - I've been in the 100PF MAP program for over a year now, still have not secure my first multifamily unit.

Provide clear instructions on where and how to pay to avoid confusion.Recover Security Deposits: The current property manager is legally obligated to transfer tenant security deposits to you or the new management company.

@Bob Asad at our bank, we have an escrow account for security deposits, it is set up with sub-accounts for each tenant with their security deposit amount and their SSN.

@Ana Mills We use electricians for all necessary electrical connections.

However, i'll likely be looking at additional ways down the road to be even more secure for a backup what if scenario.  

He wanted me to paypal him 750 so that he would send the 20k needed to bridge the gap in the loan.The easiest way to spot a red flag is to start with going through a title company. hopefully you did nto give this person your social security number or other private information.

Once you’ve built capital, transition to small multifamily units using DSCR loans for steady cash flow.If you need help analyzing deals or securing funding, let me know.

I liked the tenant, school is starting back etc, I told them they could pay first month and security deposit and I would let them have the rest of August for free.

If you decide to take this kind of route, it's still very important to go in with a secure plan and also have at least 6 months of reserves.