I don't really consider owning two houses being "in" the real estate business, just because some kid mows a lawn in the summer for extra spending money doesn't mean he's a landscaper or even in the lawn care business.

After I sell my house, I was interested in tips on how I should keep the ball rolling.

Louis area.Any tips or advice is gladd welcomed.

Here are some of the key stats:Purchase Price: $2.8MUnits: 100Unit Mix:50 3bed/2bath's @ $580/month50 2bed/2's @ $425/monthFinancing Approach:80% Bank20% 10% down payment10% seller financing @5% with a 5 year balloonConservative Annual Financials Financials:-15% vacancy-Rent potential: $618,000-Property Taxes: $30,000-Insurance: $21,000-Maintenance / Repairs: $60,000-Water / Utilities: $68,000-Advertising: $4,500-Property Management: $52,530 (management fee and employee salaries)-Garbage and Recycling: $15,000-Landscaping / Pest Control: $18,000-Security: $5,000In summary:-$525,300 gross income-$273,030 total expenses-$177,396 (5%) annual mortgageoFirst 5 years: Seller financing repayment on 10% of purchase price @ 5% interest rateOpportunities:-Sub metered, but water is covered by current owner (~$55k)-Increase rent on 2/2's to $485We would love to hear your thoughts on the good, the bad, and the things we haven't considered or simply answer any questions that you have.

Any answers advice or tips would be GREATLY appreciated.

Any insight, tips, etc, on how to gather more info and make the next step would be of much help!!

Here are five tips for how to get the most out of BP:Be nice.

Originally posted by @Paul Timmins:@Chad GrossThanks for the tips Paul!

I was wondering how it was going and if you would have any tips.

I am interested in both flips and buy & holds, so I am researching what might be the best option for me to start out with (leaning towards buy & hold currently).There's plenty more to talk about, and I am all ears for any tips, advice or comments!