hey guys -- here's one: - I live in a multi unit property (4 units) and would love to make an offer to acquire it from my landlord / owner- I have a single owner S Corp that does well, I pay myself a reasonable W2 salary with, but not likely impressive enough to qualify for the appropriate mortgage necessary- Imagine needing ~$6M for the acquisition -- plan to keep one unit as short term rental, convert one unit to office for S Corp and combine the other two to become my primary dwelling - I can put together ~$2M cash as downpayment -- but could the S Corp be the entity to acquire this property? 

Let the property owners worry about taxes, insurance, etc... while you make money every time a property is cleaned plus every time someone stays in the property.  

The California law also allows the DHCS to develop identification and remediation standards for contractors, owners, and landlords and requires landlords to disclose to current and prospective tenants the presence of any known or suspected mold.http://www.nolo.com/legal-encyclopedia/mold-rentals-landlord-liability-responsibility-prevention-30230.html

Side note, the buyer/current owner of the property has not done a single thing to the property.

Start asking your PMC to take a narrated video or Facetime/Zoom you from the property when looking at the issues.It is VERY frustrating for an owner to pay for stuff they don't understand.

The owner said that it's due to him living in Florida and visiting 4 times a year, the downturn in the economy, and employee turnover. 

So myself, I stay away from those since I'm not going to be able to buy those creatively using subject to, owner finance or maybe lease option, but instead I would have to buy with cash or bank financing which I avoid.  

I tend to be able to charge more for rent on top of pet rent due to the lack of properties willing to allow pets so all in all I think I am coming out ahead.

If you're a STR owner, do the numbers work for you? 

We do this for owners by using the matterport system.