You can use the 70k to do this all over again over another 6mo period.

The seller will also be incentivized to extend their seller carry if there’s been no appreciation or the building has deteriorated during those 5 years. 

@Samantha Stephens my experience is the property is only available for those will OO to bid on during this period.

I'm talking to the seller's broker, but I would like to find my own people to assist with the due diligence period, such as an SBA loan broker, an accountant with experience doing QoE for this kind of transaction, and a lawyer.

And the time period of the investment is quite a bit of time -- often 2-10 years.

.- New legislative reforms for the eviction process--notice periods and protections tenants have.Hope this helps put some things into perspective.

Quote from @Brooklyn McCarty: Most PMS’s offer a free trial period.

My clients are still buying long term stabilized single tenant NNN more 10 to 15 year type stuff.I am buying with my syndication all cash short term lease blend and extend opportunities.Accredited investor 200k minimum per property for LP'sTypically pay 8 pref on value add deals and split cash flow thereafter 50/50 between LP and GP.Closed on Walgreens last month at 11 cap rate absolute NNN with 5 years primary term remaining. 

As a civil engineer, I get involved in many projects while the developer is still only within an option period on the land so that we fully vet the project. 

Loss of income is another coverage that you will probably want to cover any period of time you can’t rent out the apartment due to a covered loss.