They will have additional costs for mailing & online campaigns to get leads.

Start with Reonomy or Costar to identify all the 100+ units in your target market (on and off market) and then see if you can get into direct contact with some owners.

Welcome, best of luck on your journey

However, it is perfectly acceptable to combine all tenants’ security deposits into a single account.

You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1  Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.

I just did one for like 28k, was a little short on a closing cash purchase. 

I also looked at hundreds of deals online and visited over a dozen properties before I landed on this 8 unit.

There’s a small annual fee for registration, so make sure you stay on top of this to avoid penalties.2.

I know this is a differing topic on the forums, and online in general, but having the legal background/education and knowing estate planning concepts you'll realize it shouldn't be.  

In my opinion, an in person meetup > an online connection.You may want to consider making a connection here and meeting up for coffee or attending a real estate networking event.Best of luck!