Established flippers have the resources and networks to build close relationships with contractors, making it relatively easy to coordinate compliance at minimal cost.

18 is a great age to start investing! 

I wish I would have bought a fourplex in a class A or B location in KC when I was your age.

I'd like to be your contact for anything REI related in Memphis, TN. 

It isn't a large sum in absolute terms, but relative to the rent you made, its significant and I could see someone wanting to pursue a story.

Since you’re renting out partially, a common method is to use the square footage of the rented areas relative to the total property space.

@Steven MendiolaSo Colorado just passed a law this year taking the local limits cities were placing on people related to the number of unrelated people living together so no need to worry about that issue.

If you are interested, you can request to meet with them and/or submit an LOI detailing your offer on price, financing options, terms, and other items related to the purchase.If accepted, request Tax Returns for this business, and have an Accountant(reach out to me if you are looking for help with the Analytics of a business purchase) compare their financials to the Tax Return.

Hello @Tyler Bailey,The decision to sell depends on how the property has performed in relation to the requirements for an income enabling financial freedom.

I realize that I probably need to hire a financial expert to truly assist me with this question, but I’d like to ask the community how they’d look at this situation beforehand because my wife and I are relatively new at all of this.