Hey Team -A little bit of background here is that I currently have 4 rentals in Sacramento and 2 in Houston as well as completing flips but have now decided to venture into apartment complexes.Just had an offer accepted and am now trying to piece the process together as it's a bit different from what's needed from the SFR side.Some details about the purchase thus far:Purchase Price - $771,000Gross Current Rents - $8,400Potential Income - $10,200Here's what I'm asking for:Rent rollLeases for all units Profit and loss statement Operating income + expensesUtility billsMy thoughts process-wise:Receive/confirm the income + expensesConfirm condition via a property inspectionIf all checks out - complete the purchaseAside from some moral support from the BP team, my ask is if - at a high-level - I'm missing any other points?  

Moral of the story- you don't necessarily need to put it in an LLC.

(this works out to a total payout of $12,165.60 over the course of 5 years)TOTAL PROFIT: $58,765.60So, the moral to the story is--always be thinking of new and creative ways to add value to your clients.

@Carolyn Morales , have you reported it to the local Board of Realtors?  

I have a bachelors in history, which doesn’t do much in business or real estate, but I have had extensive training in “moral and ethical leadership” which I can apply anywhere.

The moral to this is to have a strategy to eventually "Go big or go home!"

@Cesar Morales I PM'd you yesterday.  

Moral of the story--- bring all your tools home, all the time, every time.    

This was for a small fixer-upper 2/1 house in East San Jose, which was sold back in 2012.During the course of your real estate career, you will encounter a lot of situations, which would involve moral, ethics, value. 

People who sit around waiting for another raise, and when they get it, they start dreaming of what they can buy (literally ran a study the day after raises were announced and you would be amazed how many monitors had new cars, new houses, new purses, new computers, new toys on them...everyone wanted to blow the money they just got before even recieveing it)Everyone has a different "financial problem" although the problem is simple, they all spend too much money on un needed stuffAll of these people are Destined to be W-2 workers the rest of their lives, because they car they drive is a direct necessity to their overall imageThe moral of the (probably poorly told) story is, if you want to be an investor, then you have to think like one.