I have debated this with my partners on the triples we own in NY.

Scenario: tenant receives it but then sues you for triple security deposit because they "claim" that they didn't get it within the 21 days and you have no proof that you sent it.I was told by a Milwaukee-area attorney to ALWAYS send security deposit transmittals via certified mail.

That closing is going to feel great and now with three in the pipe you have effectively tripled your business.  

If you want strictly passive you would look at triple net investing (you would need a few hundred k to get started ) or you could look at buying discounted notes or hard money lending etc.Flipping and rehab and other avenues require a more hands on and time intensive approach.So it's about cash to start with, passive or active approach, and what kind of return you are wanting (ROI).

This thread therefore serves the triple purpose of committing my thoughts to paper, soliciting feedback from those more experienced, and putting me on the spot in front of the community to commit to my goal - and deliver!

Especially if they are collecting $1200/year, turning the units could easily double or triple their pay and kill your bottom line.

Each closing I do for multifamily or triple net leasing is property specific.

The reason I say this is the more yield you get the more things you will have to take on.As an example being an investor myself and a commercial broker as well my clients typically fall into 2 buckets.One is triple net leasing where you are buying a property with 10 to 30% down depending on what it is (bank, pharmacy, dollar store, restaurant, gas station, etc.)

I know gasoline use is higher in spring and summer hence upward pressure ....I bought an option (call) on DIG a few weeks ago for $900 and tripled my $$$ in 3 weeks, offsetting the increase a little bit.

Define the type of investor you are wanting to work with and find out what their needs are and where the other broker/agents are failing them.My niche is on the triple net leasing and multifamily apartment buildings for working with investors.