Since I have a long-term interest in getting into hotel investing, this feels like a natural stepping stone, but I want to approach it the right way.I feel like this is such a great opportunity, especially with it being off market.

Your first clue will be how they approach showings.

I believe this tough-on-crime approach will make Albuquerque safer and a better place to do business in the near and long-term future. 

We're exploring creative ways to provide him with the cash needed for the down payment while avoiding triggering a taxable event.One strategy we're considering is purchasing his future primary residence ourselves, making the mortgage payments, and then, once we've built enough equity—comparable to the appraised value of his rental properties—transferring the title to him as a form of exchange.What are your thoughts on this approach?

I've read about Benjamin Graham and Warren Buffets approach to investing at large and it resonates with me more so than the crypto-generation. 

The only reason I brought up that I coach in a comment was because I disagree with Henry's approach based on significant experience.

Best regards, This approach is neutral and objective, focusing strictly on the criteria, and avoids discussing any specifics about the applicant’s personal situation.

I believe this approach provides the best cash-on-cash return when starting out.I began investing in Columbus in 2017, and I've engaged in both BRRRR strategies and turnkey investments.

It’s definitely never too late to start, and learning by doing is often the best approach.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.