Each apartment can 'roll up' to correspond to a class, and accounting (our K-1s via QB) is done on an LLC or class basis. 

Really, when you buy a property, you're buying a rent roll.

You're right times have changed, as the dollar is no longer pegged to gold, which happened starting in.... drum roll please... the early 1970's.

@Brock Mogensen Will definitely build some connections and get the ball rolling on financing 1st and foremost appreciate the advice Brock!

Everything Greg said is definitely correct and probably highest priority diligence items, though I would move leases to the bottom of the list and rely on the Property's rent roll until you're further into the process.

At this point, we felt bullied and decided we would cease communication other than through Airbnb because of the lack of respect from the guests.In the interim, we braced for impact as we felt the bad review was headed our way.

Also, many MF insurance firms offer a blanket type policy whereby you roll all of your properties under a single policy. 

LoanDepot is going to be rolling out the best heloc on the market within the next month or so.

And of course, you can cash out your property up to 75% LTV.Obtaining these loans takes running credit, proving rent roll/cash flow (or using market rents for the coverage ratio instead), and an appraisal (sometimes two) proving the value.

I think it is important to set yourself up for success so that you can just keep that ball rolling.