I keep track of expenses as they come in (I have a notebook) for each rental and file the invoices/bills/etc as soon as they come in and are paid. 

What neighborhood are you purchasing in?  I

@Audrey Sommer - What specific market do you live in?  Is

I've been doing a moderate level of research around the housing industry and I am very excited and eager to jump in. I

However, I've come to realize that Utah (the market I'm in) is a non-disclosure state so I can't find data on sales prices.

@Yun Han what city is your rental in? I

ya those are totally open ended questions your going to have to figure it out from here on your own or with someone else chiming in.. I

This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.

@Sean Doyle - Toledo is the only city I operate in. I

Interest only for 1 year than P&I kicks In.  I