Pool, playground, property mgmt on site.From P&L:Gross Rent Income  - $492kGross Total Income - $554kTotal Expenses - $320kThe owners will sell at $2.5MResearching the area, it's definitely not the nicest area of town, but it isn't the worst in Austin either.

If you had to dive into that pool and manually search for the best properties what filters would you find most important when racing to make an offer?

Igor Kalabukhov That sounds a lot like syndication and I would be careful pooling $ like that as it appears to break many SEC laws.

My other 4plex has HOA, but includes, gated community, pool, includes water, trash, sewer, and 24 hour patrolled security.

Hey guys, ive been thinking about this a lot and if anyone has experience with parents handing down a house or taking over your parents' house mortgage please advise.Background: There are 5 people currently in this townhouse and my parents have paid close to half the value so far. ive graduated college debt free and have been working in my field for a year. ive been saving for a down-payment so i can move out into a multi family house and rent one side of it.my father and i had dinner and i threw the idea of taking over his payments so i can build up equity and he can get the house he really wants (ranch style with a pool).

Similar numbers of bedrooms and bathrooms and amenities (garages, pools, lake view).

If you buy in a suspect area you are really limiting your buyer pool to investor buyers.While the strategy with this property is to sell after the rehab is complete and 2 of the 3 units are filled with tenants, we currently hold 25 units in our local market here in CT and the highest amount of units in a given building is 6.

I’d like to hear from syndicators or other investors who have pooled together other peoples money. 

If it is near the city, meaning more of a rural area, turnover will cost more than what’s covered by a 10% vacancy projection, just because of the lower demand and smaller pool of potential applicants.This is a very unattractive “deal.”

The contractor should have access to roofers, framers, concrete, pool, plumbers, electrical, tile, sheetrock, kitchen & bathroom installers, painters etc and should pull the permits.