Quote from @Andrew Thomas: Quote from @Caleb Brown: I would focus on being an agent first and building that business.

Even as a broker there are many sleazy Account Executives that try to win my business with terms or extra compensation.

Quote from @Benjamin Finney: Chris, interesting niche on non-performing mortgages/ rtl's.

Life and business are complicated.

All the other real estate in my businesses are counted as assets minus the debt liabilities for net worth purposes and the business income that comes to me is counted as part of my personal income.

It's always important to screen anyone you are doing business with. 

They were selling on pro forma, but the market and the debt market have shifted, and it's aa lot harder to achieve higher pricing with lower rents.We've purchased over 2,000 units, and the simple answer to the question is that they are either mom and pops and run their businesses with ZERO KPIs, they do not want to risk losing tenants if they raise rents, and they don't treat their asset as a business.When you take over, it can be difficult to get rents to market if they are very suppressed.

Same principles apply - being busy will create opportunity. 

"owned outright"- do the members have personal debt to support this, or is it both zero for personal and for the business?

The influx of foreign investments explains in large part why countries like Spain and Portugal are now economically performing better than the likes of Germany and France.