@Alex RodolitzYou dont sell them, you walk away...I see this all the time.. units burned up or some other crazy issue.. investors just leave them behind and stop paying taxes and everything....either the city will demo them in a few years or they will go to tax auction for the next investor to buy who doesnt do their due diligence..

That ended up leaving a large hole in the roof, interior bedroom ceiling and bathroom ceiling.

Last question is, can I sell one property, and leave the other property and existing mortgage in place?

After speaking with the seller, who is an 72 year old real estate investor looking to move on to the next chapter of his life, he give me some information about the property: rent roll is $103,000 annually, occupancy is 100% and currently there is a wait list, there is no property management company (he manages the property himself), cap ex, insurance, and taxes are roughly $21,000. the 20 unit complex is split among three building where two building have roofs that are eight years old and one building's roof is 18 but "in perfect condition", each tenant is responsible for their own water, sewer, electricity leaving the seller only responsible for taxes, insurance and upkeep. 

It would tie you to us and if you decide you didn't like the way we chewed our food you couldn't leave us and go to another agent without us having a chance to sue you for a commission.

My guess is that it is vacant ask if you have his permission to enter as long as you leave it secure when you are done. 

The refinance is going to leave us with about $20k left over, after the improvements.

They are not going to sit at a computer seven days and week and never leave the house having drones drop ship 20 packages a week to them.

Dont leave anything out on your lease, also as you gain more in years and experience your lease will continue  to grow and expand. 

I'm weary of rocking the boat and leaving my 3 investment properties to property managers.