Proper timing was key for this deal understanding the Market and the sellers position in the market and in the deal, it played out great and we where able to make some profits on the investments before even receiving the first rent check.

After doing this, I then run the property through Airdna.co and/or Mashvisor.com Both of these tools will give you projections of what type of rental rates, price per night, bookings, occupancy, seasonal variations, etc.

.- If a seller has a flexible timeline or is 'not in a rush', I play it by ear & I play it cool...

You have quite an opportunity if you play it right.Mike

The BiggerPockets Find an Agent tool is pay to play, it has no relevance to whether the agent is good or has done deals or invests.

There are downpayment assistance programs in CA that are in play.

If it's a "Unit Turnover" or a vacant unit that needs to be upgraded/renovated, then that's when the 10% fee would come into play.

I thought the discount might've played a roll.

As you may know, buy and hold rental properties strategy is a long term play.

I've been hesitant to go into business with friends, but it could be a powerful play, and a valuable learning experience.