That real-world experience, built on trust and actual deals, was infinitely more valuable than any high-ticket coaching package.

If the house was built in the 50's or earlier than you probably have cast iron pipes.

He is interested in REI, has good basic knowledge on REI and has more than enough saved up for down but hesitate because of current market, interest rate, rental demand, capex, first investment jitters, draw of stock market, etc, etc. 

Your goal is to move from hesitation to execution faster than I did.If you’ve been stuck on the sidelines, overanalyzing and waiting for the "perfect" deal, here’s my best advice:✅ Stop chasing the perfect deal.

- Usually a 5 unit with a boiler means that all the units share the boiler heating system.Which specific utilities in which units are paid by tenants vs shared?

I have listened to the Rich Dad, Poor Dad audiobook a couple times, but just a few months ago actually stated talking about it with my boss.

I have been part of a regular meetup for a couple years now and it definitely helps ground you in your local market.

Keep in mind these are duplexes so double kitchens, appliances, hvacs ect.... greater cost than a single family.

When you own a couple of units, the odds of there being unexpected vacancies that overlap each other are usually low, but when you acquire more and more real estate, the odds of tenants moving out around similar times increases. 

I would guess less than 1% of deals are seller financed - and most of those are still done with 20% down.