Hello all,We have a prospective family friend that would like to do a sale private party.

I dont know how many units you are talking about, my biggest problem was tenants having easy access to me.I finally decided to use a software and got an internal property manager so moved away from it.Currently setting up the maintenance request portion of it, so will see how it goes.

They are legit.I have never done business with them, but I have acquaintances who have used them.

Then you have a competitive advantage.

You should have a good idea of what it's worth based on what you paid and the comps you looked at before you closed.

Personally I don’t like being cash flow negative on properties, but I guess if you have an amazing W2 and a good reserve account and the new property is going to cash flow really well then maybe consider it.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If you represent yourself, you have an amateur that is emotionally tied to the deal.

@Itay Heled  I haven't but I know some people have mentioned ALE solutions.

I know some hosts have a "forgotten" basket in bathrooms, that has all the common items guests might forget to pack yet use every day.