Thank you,I'm new to this type of investing (more familiar with buying businesses) so I'm cobbling together information from brokers, chatGPT and everything in between to figure out what I need to (at reasonable cost while controlling risk profile) complete an acquisition.Facility is in rural Kansas, and is composed of a portfolio of 4 buildings on 3 parcels. 195 unit count - ~10 years old on average, some are newer (2 years) others older (15+ years)I'm trying to learn what I should watch out for in the process and what studies will be needed to get a good level of comfort before acquiring the facilities

Establ͏ishing clear objective͏s ͏for your investment, studying t͏he market, a͏nd for͏m͏ing a team of professionals.

It's all in his study of millionaires: https://www.ramseysolutions.com/retirement/the-national-stud...

I've been in multifamily brokerage for the past 10 years and study market trends every day. we do this floorplan in Columbus OHIO and just expanded to florida where there is a lot more interest as a owner's rep / deal facilitator.

The most aggressive way to do this is with a cost segregation study, which lets you rapidly depreciate many parts of the home.

The winning bidder won't have documents to prove ownership, so how can they protect their money or interests during this time?

AZ has been saying we are running out of water for years, but somehow they are still able to prove 100 years worth of water available for all the new builds. 

We ask him to proved it by providing pictures or receipts of his supposed missing item. 

I paid for a cost seg study on my only str property.

Be a DON'T WANT-ER - always be willing and ready to walk if you can't get a good deal - And understand that you can always come back to that seller later and begin Second Stage NegotiationsAsk the 7 wordsAlways consider a subject to offerAlways ask for seller financingUse the Study Period Clause with right of possession to control properties without cashOffer seller participation - this is a great way to close dealsOffer something other cash - a note secured by your other equities, an unsecured note, a Principal only mortgage (using this technique you can offer more for the building since you are not paying interest - and as you know a direct reduction mortgage will pay off much faster.