Here are some of my individual goals:- Purchase class B multifamily assets with 25-50 units, and value add opportunity, in key cities in Ohio and Michigan - Create joint ventures to take down initial properties- Start a syndication to purchase additional properties- Create a brand with a thorough online presence Please connect with me if these goals interest you and align with your goals.

If your calculation makes sense investment wise for you make an offer based on your numbers.It is hard for the seller to completely manipulate the income of a commercial property, if your lender is thorough it will be revealed in the financing process. 

Thorough research and a clear understanding of your investment goals will help you make a more informed decision.

But I digress, it's better to do due diligence up front and thoroughly research the hard money lender.

So far, FTF has performed as advertised and I get timely and thorough reports on status for each project with financials, progress, risk profile and photos.There is a bit more risk associated with these one-off investments, however the low entry makes that more tolerable.

I do not agree with the OP on reasons for cash flow being unpredictable as maintenance, cap ex, vacancy, property tax, insurance, etc should be thoroughly evaluated and covered in the underwriting. 

My contractor is very thorough and a great problem solver.

The apartments were going to need new carpets (the old ones were very dirty and worn, which is not unusual), painting throughout, and a thorough cleaning. 

Emphasize that if they are experiencing illness, its your priority to make sure their health is not affected and the only way you can do that is if they vacate the unit so you can properly and thoroughly mitigate the issueThis is  shakedown.....Damage to their shoes etc.... that's what renters insurance is for... not your problem.Mold remediation....90% of that stuff is a frickin scam.

I didn't pursue that direction because putting in $100,000 into something I really don't know how to vet thoroughly was risky to me even though the passive nature of it sounded good.