Forward projection based on actual numbers this year should result in a 50% profit after all expenses (including operating expenses).I know this is kind of an odd approach with respect to everyone else but in order to get where I want to get going, it is actually working out better than expected because of serious planning and number crunching.

INCREDIBLE two-story great room w/marble fireplace; NEW designer paint in & out; NEW fixtures & ceiling fans; AWESOME master suite w/sitting area, HUGE walk-in closet, jetted tub & double vanities.

Experience managing your own properties would be a plus, but an incredibly resilient positive attitude is also something you'd want to bring to the table.

If more folks took that approach, there would be a lot more people makin coin!

I'm not sure what part of the terms are good for the sellers you are approaching.

Any responses to Chris must be ideas and suggestions for approaches.

I guess I'm asking what approach would be more beneficial to me and still allow me to make the deal and come out on top.

We have about 55 units, and have thought of approaching a few other investors.

If the numbers work, I believe its a great approach to your business.I know many landlords that have rentals in their own neighborhood.

There has to be another approach, other than landlording, that I could possibly capitalize on.I am willing to pay/jv/parnter...whatever I can do to get to an income producing level that will make this transition viable.I just feel like I'm missing something..............