I wanted to help them out and minimize their loss and saw an opportunity to get a property slightly below market because of my commission savings, immediate mortgage and maintenance relief, in addition to keeping a lower short term interest rate How did you find this deal and how did you negotiate it?

I provided a free rent back for 2 weeks so the seller could get her funds and relocate.

You have to get specific with these dates, give opportunities to correct, and take action the next day if nothing happens.

I plan on renting a unit and probably getting a roommate or two in my unit to maximize cash flow early on.

We were hoping to get agency debt on this to get the best rate.

I market on Craiglist, Zillow, FB and Apts.com and get great leads from each in my market.

All of our PM staff gets a small bonus for every lease that is fully renewed 30 days prior to the deadline.

Congrats on taking action to get this first property under your belt. 

You will owe exactly the same amount of taxes if you get a heloc or not. 

What would you say your goal is: A) Cashflow Growth B) Net-worth Growth  The goal is to learn as much as I can about multi family or similar apartments and to get started by the EOY.