My husband and I own and self manage 4 properties with 19 units.

I know an LLC is not necessary to invest in rental properties, but I’ve decided this would be a better option for me in the long run.

This vacant property was purchased under market value and needed a little love.

Residential, in my opinion, is a hassle so I am getting rid most of those properties so I can reduce my hands-on activities by 90%.

You are buying 1 property in a local neighborhood.

This is particularly important when selling a property.

I am currently under contract for a property near the hospital in Clark Fulton, I read some forums saying it is a D/F neighborhood, is that still the case today?

Hello @Michael Dallas,To verify the seller’s information, ensure you request these essential documents:Rent Roll (to confirm rental income and occupancy)Lease Agreements (to review tenant terms)Financial Statements (past 1-2 years, including income and expenses)Property Tax StatementsUtility Bills (if applicable)Maintenance Records and recent CAPEX reportsInsurance Policy DetailsInspection Reports (any recent or previous reports)These will help you confirm the property’s income, expenses, and condition.

Good luck on the new property!

Total property value is 5 mill.Loan term is ending May 2026.