Hi All,I'll try to keep this short and sweet.

We had 85%+ occupancy and higher than average nightly rates, and our financials supported our sale price of $417,000 in October of 2023- the highest selling condo in the entire complex.

Purchase price: $230,000 Quadraplex in a quadraplex development complex What made you interested in investing in this type of deal?

Not the most ideal route, and we do plan on merging everything into one platform at some point, though that is a very complex project to undertake.

They will have you complete a new W4 form and then do the rest.After that, you can forget about the underpayment penalty, Form 2210 and other complexities.

That is a pretty sweet deal, you do have to be a resident and it's only one property.

After closing on our first big apartment complex, we found out that the prior owner had not been paying any of their vendors. 

From my POV.it really depends on asset class and tenant Class.. this is a huge distinction. my clients that I sold apartment complex to in Oregon with B class.. they pay 4% but then have to pay for on site manager as employee.. so 4% to manage the on site person so that person does not rip you off :).However for BP and I have to think the vast majority of the rental property investors on this site that have gone to  D C B out of state markets.. those props are not like a 600k rental in Denver and the tenant that comes with it.. or really any city with a A class tenant..

About to buy a 16 unit complex in Clarksdale, looking for a property manager nearby........anyone???

Multis feel more like a house and you have one person living with you (or 2 or 3 depending on duplex, trip, or quad), whereas an apartment complex has more amenities, but people sharing walls everywhere.