Net earnings were about $400,000/year, so the business component of the sale was valued at about 3X, or $1.2M. 

I'm eager to learn more about:Identifying undervalued properties: Are there any specific strategies or resources you recommend for finding deals below market value?

Let me also take a moment to thank my parents who instilled in me strong values and the foundation for success!

That's just a niche of customer that they really feel comfortable taking risk with. 

My wife and I feel real estate is a great catalyst to get us there.

I get the feeling you don't enjoy being a landlord, so I agree that you should consider selling and investing in something that doesn't include tenants and toilets.

I am assuming that even if you strucutred it with a higher purchase price (85% of value) and pre-paid rent it would potentially still be frowned upon.

Feel free to reach out if you would like more information.

We feel bad that he did it for free, and he deserves to be paid for his time/effort, but if we pay him, now we have to go back to our tenant several months after the door was fixed and say “actually, we got charged after all, so now we need to pass that cost along to you”.

When entering the apartment, it just feels like a house full of squatters.