Re rent roll, obtain copies of the executed leases and validate collection via bank statements and tax returns. 

@Deep RonOne thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 41.

Do you have any interest in attending local RE meetups?

I am interested in the creative finance ideas and finding off market deals for my future deals. if anyone has any advise for someone in my position I would love to hear from you. hope everyone on here has a great day!

@Bryce Henson my understanding after dealing with reverse mortgages is that the reason it’s listed too high is likely there are rules in place for selling them, there’s a determination of list price from the lender,must be listed at that level for a certain time, then they’ll re-analyze and potentially drop it if it doesn’t sell in that time frame.

That's the one big red flag I see, other than potentially negative cashflow in the future.

I understand how important it is to have a team when starting in R/E so that's exactly what I am looking for!

That way, you can also pull on the funds in the future if needed.

From multiple discussions I've had and reading posts here, I think I also want to form a 5th LLC to act as a management company, so that I can have one business account and credit card to collect all rent and pay all the overhead and expenses (paying for meals, PO box, RE licensing fees, etc).  

Boy, you are starting off in the most expensive RE city in the country!