I Met seller ( who was selling a 53 unit package and decided to let me cherry pick one of his before he sold it!

A broker/HML will have a vetted loan doc package, work with title and escrow, understand the process, read the title report, specify liability/fire insurance requirements, etc.

The best bet here is to talk with older land lords who are wanting to cash out their holdings and will sell bulk packages of homes for a discount. 

He wanted to sell them as a package, but I couldn't get the numbers to work for both.

But I don't know how to get the seller to release it.The title company is sending a demand letter for the seller to sign in order to release the funds, but if he chooses not to, they have advised that the funds will be go to the state within three years.Since the contract was not fulfilled, I would think that I would be entitled to have the earnest money returned, but somehow it seems that its return is completely at the discretion of the seller.

Now many of the families on our block (including us) are considering pursuing a similar deal, mainly in order to avoid being surrounded by 30ft-high HardiePanel boxes 5ft from their property lines.As we explore this possibility, some of the questions I have are:1) How much of a premium can I really expect from a package deal vs. selling individually?

I sold the other two that were originally packaged with this one; it was left out for a reason and do NOT buy it at $89k! 

Purchase price: $106,000 Cash invested: $700,000 I bought 3 buildings as a package deal, 1-3 unit,1-4 unit,1-5 unit What made you interested in investing in this type of deal?

I've sent our offer package to real estate attorneys around town & spread word of mouth through friends.

You have been researching real estate investment, package what you have going for you to meet the needs of investors and then offer it to them, without strings and see what comes of it.Aside from that get a job in the industry, working for a construction company or a property management firm is a great way to get experience that will benefit you in the future.