But you're talking about keeping it yourself, which is a different analysis.

You want to talk to friends and family on this, I don't know anyone who would see this on the Internet and be like, yeah, this sounds like exactly what I am looking to do with my money.

Talk soon!

The owners are familiar with him, can talk quotes through with him, and I don't charge a mark-up on maintenance.

Let’s talk shop!

@luke Carl sold his hot rod, I sold a bunch of guitars and a rare Marshall silver jubilee 25/50 amp (just like slash played on appetite for destruction while we’re talking about GnR.

Just be sure to be available while they're talking with the reps at the credit card companies because sometimes they'll send you a string of numbers to confirm your phone number etc.  

Talk to a competent CPA.BTW, the real value is not derived from saving a management fee. 

Just go talk to more sellers and find one that has the same type of property and condition as this one that is motivated to sell it to you for a number you want it for compared to comps. 

Let them do the follow up and paperwork and maybe lead cleanup, but you do the dialing and talking yourself for much better results.