Little falls is a small town and they have a big complex at the falls and a big apartment complex next to that, also some areas are prone to flooding, so you need to be careful there.

In all the offers I've been a part of, a pre-approval from a traditional lender < POF from a HML < POF from an individual partner or family member < POF in personal name showing assets (like stocks) < POF in personal name showing cash or cash equivalent.Know that some of your competition, when offering on a property they know many others will be going for, emphasize their offer only requires their signature - no lenders, 3rd parties, or anything else... a true cash offer where they 100% control the decision.  

Hi,My ultimate goal is to own a ~20/30 unit or more apartment building for cash flow. 

Never, but the banks I deal with love to use 75% vacancy for LTR (stupid, Bozeman has 100% occupancy for LTR, never in my 15 years PM'ing here have I had an empty apartment), and 50% for STR (due to the nature of my market).

This would be my first Independent wholesale deal on a commercial property with all that included..oh and it also has an apartment or two on Top of the business.

You also learn a lot like how to run comps and get direct MLS access which is nice.Make sure you shop around if you are outsourcing your direct mail.

I am primarily doing this to have MLS access and be able to negotiate my own deals.  

Some of the benefits to getting your license would be getting commission as well as direct access to the MLS.

who pays for utilities,, if electric is separate,, let the tenant pay the cost of the stove..More units have electric stoves than gas in just about every apartment complex. because gas lines cost more to install and tenant usually always pays electric. 

As a newbie I'm trying to allocate current assets into a plan to grow rapidly and trade up into Commercial Apartments.