@Brian DudashI would make sure that you and your partner find someone local who you trust to manage or look after your rentals.

I am searching for a multi family and could do a 1031.Here are the numbers:I owe $97K and it will sell for $180K.Mortgage with interest and escrow is $1225Current rent is $1500, but I could get $1600.The property has a pool, and I have a service that cleans it at $150/mo (don't trust tenant to do maintenance).So NOW, I get $1500, pay $1225 Mortgage, $150 Pool Service, $75 Vacancy (5%), $150 Maintenance (10%). 

Current plan is to handwrite the address and type the letter.

I have their address however I need a phone number, email, or personal address (not their rental unit).

I walked the property with a contractor and understand a permit will need to be pulled for the work but one thing we weren't completely sure about was adding an address to the building.

Address: 8177 Garfield Ave Hunington Beach, CA 92646IF i were to buy this for 2,300,000Cap rate: 4.56Bed/ Bath: 1/1 x 8 UnitsRent: 2000 x 8 Expenses: Property Management Fees - 1000Repairs/ Maintenance - 319.14Real Estate Taxes - 2875Rental Property Insurance - 766.67Vacancy Costs - 1333.33Capital Expenditures - 960 Total monthly expenses: 7254.44Financing: Down Payment: 20% - 460000Loan Amount: 1,840000 @ 5% interest rateClosing costs: 69,000PI/Mortgage: 9877.52Cash invested: 529000Total Monthly Cashflow: -1311 = 16,000-7254-9877.52ROI: -2.57%The point of this excersise is for me to recognize bad deals.

Second, the long pole in most of these transactions is the time it takes to do a title search and the deed recording.There's a lot of promise for smart contracts in the space, but I wouldn't trust any smart contract for such a large transaction in the short-term.

Get more trust out of your investors first by being performance based and then when you're more experienced, everyone will expect a certain level of service and will be more comfortable with something different. 

We're going to explore this & identify how to find the best properties in Fairfax CountyMeeting address is 400 King St, Alexandria, VA 22314 PM fir more infoLet's chat.

Like so there are so many types of investing niches and each investor has their own plans with different budgets.If you really want to sell your house fast in cash,  you would be WAY better of wholesaling it with me.Ohh you can trust me ...