At first I thought he was going to give me a good butt chewing, but it turns out that he is ready to retire from investing and was looking to sell off some of his properties, eight in all, so he and his wife can spend the rest of their days without the hassle of having tenants.

Purchase price: $250,000 Cash invested: $15,000 Sale price: $385,000 This triplex is my first deal.

Interesting thought about getting the contractor out there first before the inspection.

I'm not going to make a ton off of these in the first few years. 

Purchase price: $250,000 Cash invested: $15,000 Sale price: $385,000 This triplex is my first deal.

Our first property will most likely be an STR in Aruba. 

Here's how I approach it:- Acknowledge the Seller’s Perspective: First, I make sure to recognize that the seller might think they could net more by going directly through a realtor.

I'm not even sure the first 3 would appreciate.

That being the case, even with an ADU, I would be paying at least 10k a month for the mortgage and taxes, and then have to get extra funds for the ADU, and I would not have that income for the first while. 

I renegotiated a Lease with my first property a few months back and pretty much stuck to the same terms as the prior lease agreement (minus rent increases).