Originally posted by @Joe Villeneuve:...and the faster I have nothing left at risk.Just want to point out that Joe means he has no cash at risk....there is still risk   Risk of your credit being dinged if you were not able to make loan payments, risk pf being sued by a slip and fall (or whatever), etc etc  there is always risk in real estate   

If it's an apartment building or hotel in Manhattan, seasoning is not an issue, if it's a restaurant off the highway in the Mojave desert, seasoning is an IMPORTANT issue, even on a purchase.

That’s consistent with the advise I’ve been given for Gat/PF.

Let's say your child gets accepted into a prestigious ravioli-making prep school in downtown Manhattan.

Similarly, whether the market is likely to appreciate/ hold steady / depreciate would also be important considerations...obviously, you'd approach a seller in a tiny dead town differently than a seller in a thriving city with 25% appreciation....we don't know if these properties are in the middle of Kansas or the middle of Manhattan, which makes it difficult to zero in on the best strategy....what others mentioned about patience could be a good strategy in some markets, but patience might not a good strategy if there are thousands of other buyers circling around...Also, the finances, priorities, goals and fears of the seller would be important factors to help you determine the best approach...for instance, a seller with little equity, poor cashflow, no appreciation, tons of impending capex bills, and bad tenants would obviously be a different deal than a seller with all properties paid off, excellent cashflow, excellent appreciation, no capex projects on the horizon, and A+ tenants. 

Our PF cabin has 4 12k water tanks to build up reserves.

@Basit Siddiqi We got lucky and sold our multifamily property right before covid and before tenants were allowed to skip out on rent.We then sold our coop as it was going to be cash flow negative (it was a studio in Manhattan which we had lived in for a few years).I did listen to that recent episode and it's one of the reasons I decided to post and get more involved in the BP forums.

Are the units located in Manhattan?

Just know a lot of these places are in the middle pf no where and I'm not sure how the rental or STR market is in these areas.

Hi all, I am currently working with a realtor to purchase a SFR STR in Gatlinburg/PF area.