Hello @King - Ironically, my husband's first name is also King.

I do admit, there’s a lot more research that needs to be done, but if they accept an offer I can iron out those things and come back to the seller to renegotiate if something won’t work as we planned.

I would have to know how far off the asking cap is they are wanting and how many basis points the cap is moving each month and in what direction.I would also have to have an iron clad listing contract that could not be terminated early and give me the adequate time to sell the property as the marketing costs could be very high to take it on.Usually the big commercial brokerages use a tiered system where if we have both sides it is one price and if their is a co-op the total fee is higher.That big of a size maybe 2% total as a package but if the properties get sold individually then total commission percentages go up as more work is involved and time.

My guess is either iron or orangeburg (not sure if I spelled that right).  

And they have a very nice and easy to use investment wizard that ask you about your investment preferences and ironically put you in the funds that it claims matches you the best.On the opposite side, I'm not really sure how great that wizard is, beyond being very slick and easy to use.

Once I get that spreadsheet ironed out, and my wife's blessing of course, I'm planning on going pretty much all out.

In conjunction with @Dave Foster attorneys are great if you want a good iron clad lease agreement if you are looking for rentals. 

You will not be able to shut an individual tenant off if they do not pay, you would need to make sure your lease is iron clad on how you handle non-payment of water.

Think of it as a way to scale to a larger complex while ironing out the kinks as you develop your systems.

I've still got one village that insists on CAST IRON drain and vent piping inside the house.