Good afternoon allJust for general discussion.....and I know there is a lot of information not given....I was discussing with several colleagues at a recent investor meet up, on their thoughts on best practice/method to acquire another property management company in our geographic location.We were approached by another management company who's owner wanted to retire and presented us with an offer.Original discussions with the other management company(seller) had them wanting a one time payout, say $100,000.

The amount of time you have to give them changes if they've been there for a year or more, so it should depend on when you give them the notice, not when it takes effect.

Potential rents for a single-family targeting off-campus students sound great, but will that cover renovation costs and potential vacancy time during the transition?

As for my role, I am the Bakerson Fund manager.

This leaves me to consider mid terms rentals as a way to generate above average cash flow while having a reasonable amount of management. 

The heirs can choose to hold their shares and receive dividends or sell them.Passive: Allows investors to trade an actively managed real estate asset for a passive investment in an Operating Company that is typically run by an institutional asset management firm.Consistent Income: Operating Partnerships can issue dividends or distributions so that the investor has cash flow.Portfolio Diversification: Enables the investor to achieve diversification across geography, industry, tenant and asset class in an Operating Partnership structure.

Thank you so much Carl, I guess there is no escape to paying at least one time an attorney.

@Ben Burgess Like you, I was about 8 years into my career in Tech when I made the decision to get into RE investing, and funny enough, secured my first rental property in Medford!

Unable to estimate appreciation potential because it’s brand new and no room to add on or make improvements, but over time I do think some appreciation due to prime location.

A Google search also didn't prove particularily promising.I am taking over managing a group of student rental properties that my parents own and (very, very informally) operate in the Bay Area, California.