Hello to all you young ambitious smart investors,We have a 5 unit multi-use building in west Seattle we are thinking of selling.  

Conceivably, these siblings would either list and sell the asset to your investor (for which you receive commission #1) or you bring in a developer/syndicator.In the second scenario, siblings would partner up and contribute their equity into the formal or informal partnership and the developer/syndicator would bring experience (successful track record), and other resources including builders, design architects, engineers, and entitlement experts for zoning and building approval, depending in the scale of the project.A third choice exists whereby siblings attempt development themselves.

I thanked him for his time and told my client that we needed to walk away from this whack job and find another place.We submitted an application for his second choice, which went through without incident.

I do most of it myself and enjoy the activity but the frequency and timing of the calls making it a problem.Some of the Tenants make a pet rock look smart and call and complain about everything.Others never call and handle minor issues themselves.I'd like to get a handyman to handle the calls but to have even a low priced Handyman go to the property, check out the problem, resolve the issue with 5 minutes of work and use no materials, because the tenants are pre-Madonna's or are too lazy or stupid.  

It is still, 11 years later, our biggest flip by difference between purchase and sale price (we did pretty well).In our case it wasn't a thoughtful choice--we became real estate investors after finding an opportunity.

Its your choice , take it or leave it .

It may or may not be a smart buy.

Jason,Welcome to the site.Cool career choice.

Have you made any posts in the past or have details about some of the choices you make for finishes?  

First, we need a bust to occur so there is something to recover from.So in the mean time, I think people buying for cash flow and getting hefty returns in markets with improving employment, growing population, and low vacancy are probably making a smart move.