A third reason people are selling is failure to run their business and their finances on a fiscal year.

I found a really nice brick building with 12 apartments, 3 commercial business units and some garages.

Real estate is a learn as you go business.

Invest with syndicators who have a narrow niche and proven track record.For example, if an operator has done 5 or 6 workforce housing value add deals in Dallas, and they are offering a similar deal now, that would be encouraging.if however, their current deal was a brand new luxury Class A building in Charlotte and this was their first acquisition in Charlotte and their first class A deal, as an LP I would pass.Find operators who do one thing and kill it in that space.Find operators who own or have gone full cycle with similar assets in the same market.For example, my firm, Spark Investment Group has a very narrow niche - sub 100 unit MF or BTR in Greenville SC.

@Emily CurtisI am a BP Pro Member with login of my personal email I have been using Stessa for 3.5 years using my business email address for login.

Very important that you do a lot of research on who ever you do business with.

@Tonio PearceYes you should create a business plan.

Purchase price: $630,000 Cash invested: $120,000 Gutted this property, brand new electrical, furnace, propane, finished basement to create separate unit.New garage with rental unit.

I'd prefer a small business.

If you own the business and the land, I would keep them together.