Managing the manager is definitely not a 100% passive thing, and if you can trade those 10 houses for 10 apartments then you only need to have one conversation with your PM, review one set of books, do one tax return, etc.

I’m a young kid so I can’t bring much to the table when it comes to buisness conversation.

There is a good spreadsheet that Fortune Builders uses and I know that there are calculators online for that approach but I am not sure why converting more than 1 mortgage is advisable.This probably is better discussed in a phone conversation.

I've also read some investors call the lender to have a friendly conversation.

I was able to argue that similar to foreclosures not being considered an "arms length" transaction (a whole conversation in itself) and thus wasn't representative of the true market value, this owner paid too much money unknowingly and shouldn't be additionally penalized.So, you could request lower on the purchase price but you would have to be explaining to the committee how you screwed up when you bought...did a waterline burst and you didn't have insurance, the hoodlums broke in and trashed the place after purchase, etc. 

Even the answers and conversations I had with the Servicer were mis-leading on how exactly the Investor (me) gets made whole for the deferments provided.  

Have an up and down duplex conversion where the downstairs tenant is higher maintenance.

(He very brash and aggressive and wants to control the conversation)My assumption is he’s tried to sell the property before and was offered 80K because he keeps throwing that number around as what he would never take.He claims it’s a 3/2 ranch that’s vacant and sits on 5 acres of land that he owns free and clear of any mortgages or issue with liens or taxes.

@Prasad Reddy  - This is a conversation you need to be having with your accountant

You've got the simple garage conversions and new constructions with their own meters.