We shall see if that truly was the way to go, over the next couple of years as we approach 2021.

Both a mixture of cash flow and appreciation is the best approach.

I am now being approached by private money investors (friends and family) about investing.

This helps me better understand how I want to approach some things.    

I want to approach him with 2-3 different offers so he sees I am trying to work with him. 7 Unit Building 2 Bed Room (owners unit) worth $4,000.00 a month2 Bed Room ($3,950.00 current rent) worth $4,200.00 a monthStudio ($1,850.00 current rent) worth $2,400 a monthStudio ($2,000.00 current rent) worth $2,300 a monthStudio($1,600.00 current rent) worth $1,800 a month 1 Bed Room ($3,000 current rent) worth $3,300 a month1 Bed Penthouse ($4,300 current rent) worth $4,700 a monthPotential for garage rental, Storage, and Laundry as wellCurrent Income $16,700    Potential Income $22,700  I know that the gentlemen likes to spend the weekends in his apartment and I want to give him an option for him to stay for a few years to make the deal interesting. 

I only listen to Biggerpockets podcast while driving now, and in my down time when I used to watch mindless television I am watching youtube videos, practicing running numbers, checking COMPS, and trying to prepare to the best of my ability to not come off like a complete and total amateur when I approach one of you lenders on here with a deal I firmly believe will be mutually beneficial. 

Who knows, one day, it may make sense to sell off individual units and then you would have to do the paperwork all over again.An alternative approach would be to get control of 30 units (just over 50%), probably less.

Approaching a seller with a homes that is worth $64,000 is already tough enough, but for investors, it makes it a whole lot harder.

It's a business that I can scale using the wealth building approach based on some independent discussion with current owners. 

I've bought single family res in the past and I am very uncomfortable with figuring out the best way to approach this deal.