Most businesses, property management or not, fail due to the lack of sales, not due to the lack of systems and phone etiquette.

Purchase price: $840,000 Cash invested: $75,000 Sale price: $1,200,000 Full renovation of all 4 units.

Imagine if it cost 1000 to send out 50 letters but half of them responded and half of those wanted an offer and half of those accepted an offer and half of those closed and half of those resold for a net 50k. 

That way you control it, they may get some $ from the sale to pay you rent and you own and control the property Thank you for your insight, Chris.

When we found this deal the community had around 45 homes in it, now we are close to 60 total homes and looking to bring that number up to around 80.

I am aware of Crexi, Bizbuysell, and Loopnet and reach out when I see something for sale on those sites.

This specific deal was a close friend's apartment that he was renting.

Double close: You do actually purchase a property and then sell it the same day to another buyer.

Sellers and Brokers need to know you can close. 

WANTED: CALIFORNIA TAX RETURN PRONeed real estate tax pro in California to go over proposed draft.Includes sale of rental property.