Its all legal and now you only have to maintain a place for 5 groups. 1) you can get a heavy cash deposit down for the ownership. 2) they pay quarterly for expenses that funds the overhead. 3) everone has a share of profit when you or they decide to sell for a higher price.

I have not been a very active alumni in the tribe the past few years, but still maintain a relationship with Rock and his wife Rose and see them and others at events.

It’s a balancing act of controlling costs while also controlling risk of personal injury to your tenants and property visitors as well as maintaining goodwill with all involved at the properties. 

I completely understand the importance of maintaining a professional relationship with tenants, and I will definitely keep that in mind.To answer your questions, I am still working on narrowing down my price range, but I’m aiming for something budget-friendly as this will be my first purchase.

To thrive in real estate investing, you must maintain a firm grip on your finances.

Over the next 6-12 months, keep building your savings, maintain that strong credit score, and dive into researching your target markets.

I always just explain nicely that it’s my company policy to deliver the required notice and collect the late fee as per the lease every time rent is late, no matter what, sorry no exceptions for anyone as I treat everyone equally and adhere to the lease agreement that we both signed.

Well maintained 80's property, vintage condition units.

The Banks could have showed up and purchased through the sale, They could have maintained the property but chose not too.  

If OP can lever-up while maintaining adequate reserves, he will be in better position than buying with heavy cash position.