Any tips or experience anyone has on taking over management control of a mismanaged multifamily would be greatly appreciated.When our objective is to refinance & pull our cash out we use the following process:1.

But following this forum, many have objections to minor chores, like changing a washer, checking on lighting pilot lights, leaky toilets, which he expects you to also do, free of charge (included in the 10%), and you'll have to decide if it's for you or not.

Know what your objectives are and how to define them.  

Rent is paid on an installment plan that is unique to student housing versus the first month of prorated rent in traditionalapartment housing.

@Micheal Sato, thanks....this was the next objective I was looking forward to completing. 

@Chris Yung The first thing I recommend is establishing a clear objective before choosing a market.

What are common objections you geg when you cold call FSBOS, FRBO, etc etc

My property is unique, its lakefront with a beach. 

You can probably do very well with service members and have a unique value proposition for that market.

In order to achieve this, you must analyze what your competitors are doing and create something better, something outside the box and unique.