I have a partner that brings "credit" "stable income" and balance in terms of strength and weaknesses to the table.

Appreciation potential weak but numbers working good.

Its a scam...ive seen it in and out..Alot of scammers are using HUD now a days and getting away with it..The next things she or her "lawyer" will do is call you threaten you and try to scare you, then say we can settle this for $2000....We wont sue we wont go to court...blah blah blah....And you wouldnt beleive how many people fall for it...One of the biggest scams in Atlanta right now are scammers are going to HUD homes removing all the hud stickers, they sometimes remove the listing agents signs...and replace it with their own...and any evidence HUD owns that home.Then they put signs up on the poles "House for cheap 35k call 555-55"Of couse people call, and they sucker people into beleiving they have multiple offers but the property can be theres if they put 2k-4k-6k down for a deposit..And of course they do it...Most of us would smell scam as soon as we looked up the property...But they prey on the weak...Anyway dont worry dude...HUD delivers clean title, like mentioned above they are bulletproof......

They wanted way too much money for a property that was at extreme risk of big problems because of chronically deferred maintenance.

By offering more you will appear to be weak and that is not a good idea.

Sean the inspections, surveys, phase 1's, legal work, title and I am not even getting into the down payment or loan fees and appraisal will cost tens of thousands of dollars or more if you are lucky because this portfolio is all spread out.You need to know the total level of deferred maintenance and liability and length of tenant history and cash flow model before even getting into price.There are many sellers that are tired and want to sell but they are not tired ENOUGH to sell for the right price.You have to catch them at a point of weakness where they can't take anything anymore and will do anything to be rid of the property.Forget the 1.2 million down payment.What are the rents for the 50 sfh (houses) average and what is it for the 18 unit and the 12 unit??

I would love to learn and if I can help or assist in any way maybe I am strong in an area where you may be weak such as cold calling or speaking to people etc..

Nevertheless, active real estate attorneys and at least one JP in Texas have said that if one modifies the TAR Residential Lease, it's no longer the TAR Residential Lease :) I think this form is weak, but a great start.I use NTN (National Tenant Network) to run credit and background checks.

Very successful people are keenly aware of what they naturally excel at and what features and traits are natural weaknesses.

Now this varies from lender to lender, but this will give you an idea.This is not meant to discourage you, but you may want to team up with someone that may be stronger in the areas that you may be weak.