Avoid deals in poor locations with high vacancy rates, overpriced properties, significant deferred maintenance, and unclear financials.

In your case, you are probably better off buying a break-even deal in Tampa then a deal with $200 cash flow OOS.

Crossing the lines may not provide proper liability protection.Personally, I just kept my SF rentals in my name and got excellent insurance coverage, $500K per property plus a $2M umbrella.

Marginal deal at best.

Sounds you have definitely worked hard to make those stay in good shape and steady tenants, which is excellent!

Local REIA groups and meetups (check Meetup.com or BiggerPockets) are excellent for connecting with both new and experienced investors.I’d be happy to grab coffee and chat about the market or share insights.

How did you find this deal and how did you negotiate it?

This makes it an excellent property segment for highly reliable income.

Comp 1-2bd with 1-2bds and not 3-5bdsStep 2: columns in Excel - total sq ft, abv grade sf, below grade sf, % abv grade, % below grade, sold priceStep 3: average in Excel - avg ppsf above grade, avg ppsf below grade, avg ppsf totalStep 4: below grade finished 50-60% of above grade ppsf, below grade unfinished 25-30% of above grade ppsfThis will get you close.

Sometimes, they will give you a deal.