If your rent would be somewhere closer to 1% of the replacement value, the long term capex picture would look differently, but that's obviously not realistic in the Walker Square area.I know this is not what you want to hear, but case in point at one of our workshops I had an investor who has owned a sizeable D-class portfolio for almost 40 years, self-managed, self-repaired, re-leveraged to pay for capex - and he said he has basically nothing to show for in terms of retirement, so he has to keep working it.Food for thought.

I see that there’s a bunch of websites out that do that but you have to pay for the search and are they a legitimate site?

The best money making opportunities in Florida are with the ground up. 

The leases are typically for the tenant to pay maintenance, not for them to cover capital expenditures.

You can't make a filet mignon with ground chuck beef if that makes sense.

I can only conclude that someone with a lot of cash was getting anxious to deploy their money quickly and was willing to pay well above what the broker (and many buyers) thought it would sell for.Perhaps it is not such a bad time to sell!

We do not want to be a lender or have our name taken off the title unless they can pay the “due on sale” mortgage. 

You have to know how to find and sign properties ahead of getting access to those buyers.You do want to do both at the same time so that when you have your first deal, you know someone, but don't expect anyone to pay attention to you if you don't have 4-5 deals at all times.

This later translates to - We decided to pay the electric and phone bill, instead of our rent.  

If i would have financed it for 15 or 20 years the payment would smaller which would have allowed me to have enough money generated enough money to pay all expenses including taxes