Hey @Frank Apap - owning any rental property comes with its own set of tax advantages but I would recommend doing more research if I'm in your shoes. 

Walk to down town Pasadena and the Rose Bowl. 

If I were in your shoes I would get a couple estimates from contractors that could do the work.

I'm hoping they can help me get a shoe in on a smaller deal with someone whom they've worked with in the past and that will help me get a great deal with less favorable terms. 

Its not all wine and roses though some absolute great times and some deep dark moments ( 2008 to 2011)..

I mean put yourself in the shoes of the sellers.

Hi everyone,So here is the deal.Started a PM company 10+ years ago as a subsidiary of our turnkey company (IMO it's a tough gig selling turnkey if you don't also manage in-house)Hated the PM business for a good 5 years or so.Then one day I woke up and smelt the roses and realized that PM is not so bad after all.That of-course came at a time when things actually started to work and we actually started to "work" the systems just as they should be worked lolWe have reached a point now where it's a pretty well oiled machine other than the minor $#@% that we fix on a daily basis.The business motto is systemize, optimize and monetize which is a work in progress but chugging along.I'm confident that with the operation as it is today we are at a point where we can start to significantly scale.Organic leads are flowing in nicely and we grow at between 10-15 units per month or so.My questions are:1) How do we potentially find other "mom and pop" shops what want out of the business and we purchase to take over?

If you had a list of multifamily owners with their home addresses, PINS, and a bunch of data, how would you approach getting as many listings as possible if you were in my shoes?

Best case, I'd put an extra fridge, some plants, storage shelves, shoe racks, etc. 

I am just very curious if there's ever a shoe that'll drop that no one suspects, it's how it usually works.