That can take some time to build the teams, vet them, and be prepared to have some "BiggerPockets" for your reserves if things go south.

Here’s the information$800,000 commercial propertyno down payment 30 year contract at 7% percent fixed.Mortgage is$5,700There’s a small vacant space on the back that you can possibly build a mechanic shop bay on and make some additional income maybe about $2,000 a month.On the front of the property their is a small building that has a restaurant and they pay rent $4,000 a month. 

Hi, I am closing on my first property and would like to connect with local lenders, property managers, handymen/trades, and other investors.

For us, there was really no way to prepare other than making sure we were ready in case we needed to evict if they refused to leave, and then planning for but not hiring contractors until we were sure they actually left. 

After 5 years dabbling in STR's, BRRRR's, and flips, I'm ready to focus on one area and asset class, scale up, and build a portfolio that I can eventually retire on.

Seller signs and then do I build a new contract or instead of me signing do I give the original contract to the buyer?

I suggest building relationships for private money, this is how we fund out mobile home with land deals which we buy.  

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $249,500

Our first home turned first rental property! Originally dod a private room rental while we lived in the home. ...

Even if there is no sign and tenants are present, a poorly maintained exterior is a good sign that a building might be buyable.

cool Luna,  When you are ready to buy rental properties for investment, we will be here for you with your questions.