Hi Wilson Lau, Thanks for the information and your perspective.

The first violation gets a warning.

@Alec Raven we started managing our own MF units 4 years ago and have learned a lot along the way.

Purchase price: $120,000 Cash invested: $40,000 Sale price: $215,000 Probate deal.Beautiful 4bd, 4ba acquired from a family looking to sell the home after receiving through an estate.

I agree that many transactions shouldn't be done simply because you can.However, out of curiosity, if you had the opportunity to buy a $hit property with golden financing & then immediately sell the $hit property but keep the golden financing & transfer the financing to a great property would you consider it?

If the sign is tired, so is the self-managing owner. 

@Dan Dares TMYou can use your familyMember but they will need to be a part of the deal and the bank will most likely want them to personally guarantee the loan.

Did you miss this in the same forum 10 days ago with 95 replies?

But, the lessons I learned have been worth a fortune!

We have a buyer for the property and now it has been discovered that the corporation paperwork was submitted to the state as a charitable contribution even though we are listed as a not for profit organization and have been listed this way for well over 40 years.