Also, providing value to others at a high level will pay off for you in the end if you stick with it.

Quote from @Jeffrey Duck: I see no reason to pay an attorney for this, but it's your dime.The current lease was between you and Person B.

I will be managing and will be paying a real estate agent friend to show the properties for me.

Maybe you just hire someone and pay them to manage your projects? 

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

Focus on paying them off (smallest to largest), and you'll be living large in 20 years.

in 3 years you can pay off any mortgage 500,000 or less for $1,500 bucks.. or in 5 years a $477,000 mortgage for $100..I am implementing something new for the real estate industry, primarily to mortgage holders & the rent to own industry, as a shorter-term approach to be mortgage free, without cost being an obstacle ..

- If i Sell , as this was my 1st house and lived in 4 years, do i need to pay capital gain tax ?             

My guess is that you will pay less per month with multifamily than a single family. 7.

The reverse mortgage company wants buyout and I dont have over 200k to pay out.