I have joined this group for two reasons - one is that I represent a non-profit (501c3) that takes property/land donations and rehabs for sale to low/moderate income families, veterans and active-duty military.

(yes, I'm hijacking the thread - moderator Josh is on vacation for Labor Day!)

Not to scare you, but I did share a post here of a tenant that literally hacked his landlord when she went to address something with him after she had already indicated eviction proceedings.The landlord ended up in ICU and I did not follow the story enough to know if she lived.The article indicated that even if she lived, she would be left with major brain damage.Once eviction papers are served or termination of tenancy communicated, I would be very careful about going around said tenant as emotions are high and worse where drugs/alcohol is involved.I would for the most part keep away and handle this per the advise of your attorney.Did an eviction once of inherited tenants that a year and a half later, continued to challenge my policies and damage the unit, and it was tough, but seems that eviction (at least once especially with inherited tenants) is just the rite of passage most landlords have to go through.Not saying you will, but as @Marcia Maynard says, please be safe.

So, while it might make sense to hold a moderate sized apartment buildings in individual LLCs, it may not make sense for small 2-4 unit multi-families with little equity in each.

I repeatedly voted for several posters, that if they were not rich sure, had a very rich knowledge, vocabulary, and writing skill.Even though the original post was designed to be an advertisement, I think it turned more educational than anything else.Hopefully the moderators will leave this particular thread up, at least for the educational purposes.

Profit at $8k for $254k gross.My read is that business is moderately distressed.

@Karen Margrave crushing college debt, delayed adult decision making, chronic alcohol abuse, pushed political agendas.

Selling for a relatively moderate gain like youve made I dont think would be worth it.

.**** Moderator - This is not self advertisement.

It's about 900 sq ft and only requires a moderate cosmetic reno.