It’s humiliating to call customer service who has no idea what is going on and can’t quite transfer you to property manager.

I would have to get with the property manager and mimic the exact plans they have set up in the lease, all of which were probably customized by the PM to get a few extra dollars.  

Sounds like you've found a reliable resource for SBLOC, but what you are describing almost sounds like preferred equity as well. 

For several reasons (property taxes, politics), I would prefer to begin real estate investing somewhere other than locally. 

Platforms like Avail can help if you prefer to self-manage but still require time for repairs.Tax-wise, repair costs may be deductible immediately, while major improvements must be depreciated over 27.5 years.

I will assume positive intent here that this is not the experience you intend for your customers.

That sounds like a lot of work and I'm sure he would prefer to avoid that work and just sell it for $1.9m or $2.0m.if I were to buy it from him, to get to cash flow neutral I would need to increase rent on all 6 units to market rates and my monthly payment would need to be close to $6.2k/month, which would be $100k down payment, $1.7m loan with seller financing at 2% interest rate and flexible ballon payment.What would you do if you were me? 

I'll put them in order of what I prefer and why:1) Save up the cash using cashflow from my current portfolio and W2 income. 

It looks like this particular investor preferred the low level price point and the risks that come along with it even though he was buying from a company who could offer him both types of investments on the complete opposite side of the risk spectrum.

I’ve been a serial house hacker in the greater Boston area so happy to connect and share some lessons learned.Multifams inventories are quite low depending on your budget and location preferences.