I received an application from a young couple before her and had started processing it before I had received hers(but i never mentioned that I had received another application). 

Expecting to raise equity capital and to receive an ownership interest without experience and expertise to offer is just not realisticWith the advent of crowdfunding capital raises, on line offerings, and set fee legal, the cost of safe harbor Reg D offerings have dropped, considerably.  

I'm really appreciate the reply's I received, especially those who went out of their way to track down some very helpful information on those properties for me.

Hi, I am in the process of purchasing a 4 unit property in Milwaukee, WI and just received a quote from the company that is covering my SFH rental property.  

They apply and everything goes through as far as screening and we sign the lease and received the security deposit with the plan to move in March 1st.  

You have received some excellent advice. 

and you already have copies of the leases, I would:-make sure you get adjustment at closing for full partial month's rent from seller (it doesn't matter if tenants are on time, seller owes buyer rent due buyer for stub of month, unless you close on the last day of the month)-give all tenants a 'hello, I'm the new landlord' letter - note where to send payment and what the payment terms are ("according to your lease, your rent of $xxx is due each month on the first; if payment is not received by the xth a late fee of y will apply")-pursue nonpayment eviction against anyone who doesn't pay on time.  

(After all expenses)   For instance...If I put 10,000 total into a deal...And after expences I receive $1000 Back in a yearI have a 10% COC return. 

Sometimes I get calls on the 3rd or 4th touch and they acknowledge that they received the other mailings but thought it was from a "big company and not a real person."

Practically how that works for RC is you would receive your initial settlement and make your repairs.