If you take 3x income, and minimum 600 credit score you do that with everyone, not pop it on them after the fact.   

Mom/Pops have missed the out of state investor bull market; it's too late unless you see low returns in tertiary cities.

Hi everyone,So here is the deal.Started a PM company 10+ years ago as a subsidiary of our turnkey company (IMO it's a tough gig selling turnkey if you don't also manage in-house)Hated the PM business for a good 5 years or so.Then one day I woke up and smelt the roses and realized that PM is not so bad after all.That of-course came at a time when things actually started to work and we actually started to "work" the systems just as they should be worked lolWe have reached a point now where it's a pretty well oiled machine other than the minor $#@% that we fix on a daily basis.The business motto is systemize, optimize and monetize which is a work in progress but chugging along.I'm confident that with the operation as it is today we are at a point where we can start to significantly scale.Organic leads are flowing in nicely and we grow at between 10-15 units per month or so.My questions are:1) How do we potentially find other "mom and pop" shops what want out of the business and we purchase to take over?

I used the company website, popped it up on MLS, and added the home to the weekly listing the broker ran in the Pennysaver(s).

With a virtual number, I will always know the call is related to my STR or my other business because the business number pops up when a call comes in.

They're more likely to open those if they're mom and pop owners.Call them, thats the fastest and most efficient way to contact them + letters.Brother, if you find a great deal and have no money to buy it you can find the money, money is always looking for deals, Partner with a buyer, do a wholesale, do a JV, get creative.

This is a good podcast that goes over this a bit more in depth - Search "LLCs for Rental Properties & Bulletproof Asset Protection" if the video isn't popping up

Investment Info:

Other commercial investment investment.

Purchase price: $299,000

Cash invested: $310,000

28 Unit Self Storage Facility

The number of mom & pop landlords leaving the business soared during and shortly after this time.

Educate yourself as much as possible and then prepare yourself to pull the trigger when a deal pops up.I'm a local Jacksonville Broker and property manager, happy to help any way possible.