Hi Everyone,Wanted to know the best way to do this real estate transfer/deal.My wife's parents own a rental property free and clear in an LLC.

Hi, My name is Ahmed Aboelela and I'm a just getting started in the real-estate game.How do you build up enough capital to buy a rental property?

They are literally adding 10% more rental units that will be delivered in 2024.

We have three rental properties and they are in Sacramento, CA, Boulder, CO, and Newport, OR.

Relatively local, but I DO NOT want to manage my own properties, and well, can't given other time constraints, so a property management company is a must in the decision making.Each home is paid for, each needs about $15,000 in rehab to make rental ready.

I know of only a few people that own rentals as a secondary aspect of their primary business.

I am looking into longterm vs short term rental options as well as financing options.

It sounds like this will be your first rental property so CONGRATS!!!

Some details on the deal below:Mortgage rate on the property: 3%Monthly mortgage payment: $1200Amount owed on mortgage: $230KCurrent property value: $370KEquity: $140KDue to the low mortgage payment and high rent potential in this neighborhood I would like to assume this loan and rent this property out as a long term rental. 

The goal is to use this property as a rental property though.