If you do not have the common scenes to avoid what you have already anticipated there is no way you will end up as a better investor.

In that regard you have no responsibilities for maintenance or utilities because it’s not yours (unless you have to foreclose).

Account Closed Multiple buildings on a single parcel is very common, but does not fit into the State Farm box very well.Other insurance carriers write a single policy with 9 buildings listed. 

Background: I had a rental that I recently sold, utilizing a broker/contractor to rehab and sell.

I'm not sure exactly what your operating expenses are BTW, but let's assume it's 45% of monthly rents including insurance, taxes, utilities, vacancy and maintenance reserves, and property management- 1350/mo.

There are endless ways to set this up, but the most common that I see is a 1-3% acquisition fee, 1-3% asset management fee, 6-9% preferred return and 60-80% of the ownership equity to the limited partners. 

@Wes Blackwell Great points and I tend to agree with you from a common sense persepctive.

It was fixed and just closed on 6/14/18 for $759,000.Breakdown/Deal Numbers:Acquisition Costs (AC): $525,000- Purchase Price: $510,000- Closing Costs: $15,000 (hard money points and fees based on $408,000 loan amount)Rehab Costs (RC): $80,000Monthly Mortgage costs: ($2890 per month for 6 months = $17,340)- Utilities: $600Selling Costs:  2.5% (as a Broker I listed the home myself and saved the other 2.5%) Sales Price (SP)  $759,000 closed 6/14/18- Commissions to Selling Agent: $18,975-Selling costs (property taxes, title, escrow, etc) $8,000Total Net Profit: $109,085 – Taxes & Any Additional Selling Costs- $759,000(SP) - $26,975(SC) - $17,940(HC) - $80,000(RC) - $525,000(AC) = $109,085Before:After:Thank you for reading.

I feel that I can utilize their strategy in my everyday life.

@Scott Anderson In NYC we have employees who take out the garbage weekly and clean the building halls and common areas frequently so I expected something similar for these apartment buildings.