Also on my days off I own and operate a property management/handyman service.

I, too, am at a crossroads, deciding whether to self-manage my first property or enlist the services of a property management firm.

Another point would be to check comps, as high activity is a good sign for BRRRRs.

What should I include in the lease if I decide to do so (things like not being liable for any illegal web activities, download limitations etc)?

But being casually active in real estate, infrastructure projects, private credit, and equities is my long term future but a lot more time focused on my kids.

After speaking with my family, they mentioned to look in property management service rather than going through a real estate agent.

I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???

I'm building out my own calculator because I haven't found one that services larger multifamily and MTR well.

In addition to the bookkeeping functionality, Baselane allows me to manage my properties, do tenant vetting and lease up and has a lot of other features that support my portfolio so I've consolidated what used to be a lot of disparate services into a single real estate-focused platform.

Hey BP,Im starting to put out offers looking for my first owner occupied duplex! I feel most of them are already occupied and Im not able to get in without being under contract. So we put in a walkthrough contingency ...