Curious if there's any rehab that needs to be done on any of the units or if you took on any other add value components?

He includes in his goals of intelligent investing a leg promoting a social component of having a cause and helping it along as you grow your wealth.

In my opinion it comes down to how much you have in reserve for capex costs over time and what your inspections of the property turn up on projected life expectancy of the components.

CapitalRepairImprovements that "put" property in a better operating conditionImprovements that "keep" property in efficient operating conditionRestores the property to a "like new" conditionRestores the property to its previous conditionAddition of new or replacement components or material sub-components to propertyProtects the underlying property through routine maintenanceAddition of upgrades or modifications to propertyIncidental Repair to propertyEnhances the value of the property in the nature of a bettermentExtends the useful life of the propertyImproves the efficiency of the propertyImproves the quality of the propertyIncreases the strength of the propertyIncreases the capacity of the propertyAmeliorates a material condition or defecAdapts the property to a new usePlan of Rehabilitation Doctrine

I'd say it depends on the agent and how well your investor criteria aligns with theirs.

There should be two components to this: State & Federal.

Besides, a huge component of analysis is your goals.  

@Joel Owens pretty much it the nail on the head, its a tough industry to get started in but if you stick with it and align yourself with the right team it pays dividends over time and the earning potential is unmatched.I agree with everything Joel had to say but would add that most of the large commercial brokerage houses (CBRE, Cushman & Wakefield etc.) have "draw" programs for young brokers.

You can take participant loans from the plan.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.

buy and hold with no equity is a very risky proposition. its a very difficult transaction to pull off.. lots of things have to align..