@Tom Gimer sorry- New phone, New operating system... still adjusting to Android. double space doesn't even capitalize on my phone!

The idea of just rotating properties does nothing to accomplish this,  as the zero basis will have to be dealt with,  either pay the full capital gain, or 1031 and restart the new acquisition with an adjusted (reduced) basis.

They don't even use a real CRM they want us doing everything manually via excel.

I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???

If you use all of your money for down payments on several houses, you might not be able to absorb unanticipated costs or adjust to changes in the market.Determine the opportunity cost of investing more money in a property that has a negative cash flow.

The downside with Heloc is that the rates are in the 12-14 and its not fixed as they are adjustable like a credit card.

When the tenant turns in keys, we conduct a "safety" inspection within 24 hours to ensure the unit is secure, heat or A/C is adjusted, the unit is vacant, the level of cleanliness, etc.

If our house is inferior to what you can get for that price, then we adjust accordingly.

I recommend you do this annually to adjust for utility increases and other variables.

If you buy at $475K and the taxes adjust up close to an SEV of $237.5K (50% of sale price) your taxes will double from what they currently are on the property.