I purchased one fourplex in CA last year with one partner.

Leave the owners alone, when and if they are ready to sell, they will, and there will be plenty of lots to choose from on the MLS.I have no statistics to back this up, but in my casual observation after our fire is about 1/3 of the owners rebuilt their homes (some built similar, some duplicated exactly--big mistake, and some built better/nicer/larger homes). 

Why do you think purchase contracts are so long and have such small print?

The exchanger purchases buy and hold real estate occasionally 1031ing when appropriate. 

So that the tenant rent is providing a larger amount of return of capital. 

I definitely wouldn't sign a purchase agreement before seeing the property.

Quote from @Palak Patel: Hi everyone,I am new to the rental business and just purchased my first rental property.

(The difference in rate depends on the deal structure, e.g., the ratio of rehab dollars to purchase price.)Like a HELOC, you only pay interest each month on the loan.

I have experience as a Residential agent in Denver, CO and as a commercial Leasing Associate in Chicago, IL.I am planning to purchase my first rental home here in the next year or so and make it my primary residence.

Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.