Those that always give the "learn by doing" "jump in take action" advice to newbies are 1. being disrespectful toward the real estate industry.

Never factoring in for problems with maintenance or vacancy issues, buying too many homes in too short of a period without letting any problems work themselves out before buying more. (20 homes in a year and a half, then another 15 over the next 2 years)I was undercapitalized on my acquisitions and thought that buying more properties and letting the cashflow from the other rentals offset any cash infusions I might need.Lastly trying to have a cheap business model (Cheap vendors, cheap properties, cheap everything) not the best way to operate because all I attracted were other cheap minded people only interested in taking my money and not having a common goal.

I would not be interested in taking on loans in this economy right now but that is just me.

IF you keep them @ a much higher rate, in my experience they'll complain about EVERYTHING because in their minds they are now paying sooo much more so you should make the unit way much nicer.On that note, I also tell my new tenants as a property manager that the new owners are definitely interested in taking care of the property (I don't work with them otherwise), and to please notify me of any issues in their unit in that first walk-through/introduction.

Good luck on your search and good job in taking the time to find out who's who.

He wants to sell both, but I'm not really interested in taking on the apartment project. 

Since then I've been educating myself on the topic like crazy, saving as much money as possible, and have been very motivated in taking the steps towards purchasing my first property.I'm currently in the process of searching for my first property.

But when you're asking for a 30%- 50% decrease for cash are there any potential bonuses for the seller in taking cash.  

We're happy to see if there are people interested in taking the lead on this.I thought this might give you a bit of insight into things and possibly help get the ball rolling in one way or another.Thanks

Make it such when it is time to pull the trigger, you are ready to jump in. Take