I became a select mentee of theirs about two months ago. 

this works well if the tenant is a national user or multi unit operator who has built these buildings many times. 

I'm looking to expand into multifamily as well.  

I would be interested to hear others' experience as well.

If you haven't checked the market for homes with "inlaw suites" or whatever your market equivalent is that can be a way to get it done as well. 

We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

I would keep it in a high interest bank account might as well earn as much gain as you can no matter how small it is.However I think some debt pay down would be great not to the point where you are not liquid enough to Jump at another opportunity or can’t make a major repair when it arise.

I have run numbers for LTRs on a set of duplexes that seem to cash flow well.

The #1 reason people are poor, is lack of skills, knowledge, wisdom.