Over time, as rents increase and mortgage balances decrease, your cash flow improves.Secondly, property appreciation plays a big role in wealth accumulation.

While profitable in our first year, I do not want full occupancy, more like 2/3 ideally.

The first goal we have set is to 20 doors.

He helped me with my first BRRRR and we are working on our second one.

Every time this occurs, send them an email and put it in writing.

If you have the extra time, I recommend spending some time calling owners around your area.

I began my RE career in 2003 during the 'boom' times as a mortgage broker.

If it's norm for the landlords to pay it you will have a tough time to get the tenants to pay.If others are using RUBS then you can try it.

It has bounced around and sold multiple times through the years - sometimes as low as 8k, but multiple times below 15k. 

My only backup plan if I can't get verified funds is to assume the worst and to drop my counter offer even lower than my original due to the risk I would be taking on, and then when I do my in person inspection try and guess what rents are fair market for the empty units, and ask as many tenants as I can what they pay in rents monthly.Seller should give you all of his bank statements for the time he owned it, plus the operating financial documents (including rent rolls)that he received when he bought.Then find an apartment broker in the area and find out about rents in the building and in the immediate area.