I have one bizz partner I sold a 100 unit apartment to 18 years ago for 5 mil and he paid cash..

Quote from @Michael Johnson: Investment Info:Small multi-family (2-4 units) buy & hold investment.

It's an acreage property near the lake that has a main house (2/1), guest house (3/2), and small studio-layout unit (3 units on same property).

Hand it back to him in cash as soon as you verify the unit is empty.

Investment Info:Small multi-family (2-4 units) buy & hold investment. 3 unit apartment complex What made you interested in investing in this type of deal?

They acquired the neighboring four-unit in the 1990s for $150,000.00.

I recently closed on a commercial condo unit (for retail), which is one unit in a building that also has 7 apartments. 

Discuss capital gains rates at various income levels with your CPA - their obligation may be lower than you think.

Also, I'm not sure how you're paying attention to it on the tax side, but the unit that you are living in's profit at sale is calculated differently than the other unit that you're renting out.Once you move out, that unit is officially available for rent so from that point forward, any profit gained at future sale will be calculated starting from that point and will be taxable.

This conversion will begin at the end of the month.I am just sharing the above to give context to my level of experience with this type of investment.I look forward to hearing from you all.