How did it work out for you?

Work out a term sheet first identifying what interests you each will have in the enterprise, what duties, how gains and losses will be split, how disputes will be resolved, etc. 

It has risen even faster than Tesla (not good from my perspective), but it's earlier in the game than Tesla so maybe it will work out for me. 

I've heard talk of "global DTI" and my total DTI should work out for the buildings I'm looking at.

However, none of them tend to work out nor leave me with $200 cash flow per unit. 

How do you work out what the payment will be?

I would even think about a short term rental house hack, if a regular single family or duplex doesn't work out.

Ultimately, the numbers will work out to be the same.Having a legal entity doesn't provide tax benefits. 

You MIGHT be surprised to find someone willing to buy it without new HVAC because typically ppl that buy these properties have replaced them before and "have a guy" that MIGHT be less costly than what you would pay to have them done.On a side note, I have a handful of buyers that are looking to buy small multi families and are willing to pay market rate, send me a message, maybe we can work out a deal. 

You would just need to work out your mortgage and interest payments with him then while you pay the $300k he will pay off the note.