With all tenants, you should do your due diligence screening them.

Pacific Modern Homes is a great example - we built one of their kits in the 1990's and it was beautiful/ really minimized labor and scrap onsite.

Purchase price: $32,000 Cash invested: $58,354 Sale price: $105,000 5/17/24 purchase.Charming Little 3/1 - We are remodeling all inside and out including new roofing, this is our first project out of state, it will be a BRRRR, hopefully first of many to come.

We're focused on solving CA's housing crisis by making it easier, faster, and less expensive to build high-quality housing units.

Or do I reduce the listing price by $50k?

Obviously we still need to discuss and get more information to try and determine its true valuation, etc...., but we thought initially it would be best to offer a cash down amount($20,000) and then offer a percentage of revenue over a three year time frame. (50% of management fees collected: yr1, 30%: yr2, 20%: yr3) until the balance of the "acquisition" price was met.Again I know I've left out a lot of info but this was just to hear some ideas or previous experiences.Some generals:Approx. 100 doorsMost are 2yr leasesMost are long term clients of the current companyAverage rent of $2300Thanks in advance and have a great weekend! 

Let them transfer it to the new PM and then they (new PM) can give it to you to hold or they can hold it.

I am more interested in people who do midterm rentals, anything over 1 month....I know some people who rent to travel nurses/techs etc, I think its a great business idea.

My local banks will only do a heloc on a primary residence.

I'm in a bit of a unique situation in that I'm a California resident and can only invest in properties all-cash for religious reasons.I'm not able to use leverage/loans, and I know and accept that investing all cash is not common, but thats the way I do it.