Those are key to demand and long-term value.It all comes down to your underwriting.

However the key is making sure the numbers pencil out so that, at minimum, even in the worst case, you can pay back that heloc because interest on that is going to be very high.

Most of the time, we resolve the situation in less than three months through cash-for-keys agreements, court mediation, or by creating enough pressure that the tenants decide to leave on thier own.We currently manage over 700+ units and flip about 20 multifamily properties a year, the majority of which have inherited tenant problems.

Is it turn-key, or deferred capex?

As for building trust with sellers, communication is key.

They call the person that brings the schedule of real estate, net worth and liquidity to the deal the sponsor or key principle.   

@Travis Timmons I think the key is to try and include a simple "one sheet" explaining 2 or at the most 3 options for them to choose from. 

It's a win-win.The key is to find out what they want, then find a way to give them what they want while getting what you want.

The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

We are in a safe community, so tenants can choose to leave the door unlocked or hide a key under the mat.