You’re making the classic mistake of pursuing a deal just because the property owner didn’t give you a quick no.If you want to pursue for some reason just make them an offer that’s good for you and after they reject it you can go forward with finding a deal that can be purchased at an “investor” price - or at “investor” terms.Here’s my bias - I don’t waste my time worrying about how much the seller paid, how much he invested, how much he owes, the asking price, what his motivation is (which is probably a lie or “half truth” anyway), whether he’ll be “insulted” by my offer, whether he’ll “like” me or “hate” me.  

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Any suggestions on the best way to value it.We sold a portfolio of properties to a single buyer, all notes are performing. 

@Gp G.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

There are lenders that offer 10% down investment property loans as 1st lien HELOCs.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Do your own research, develop an investment thesis, and then start checking properties in AirDNA to verify your ideas. 

Hello BP community,I’m exploring different financing strategies for my next investment property and am considering using a Home Equity Line of Credit (HELOC) as the down payment for a buy-and-hold property.Has anyone here successfully used a HELOC for this purpose?

But perhaps a single individual could live there. 

I am in the market for a custodian for a self-directed IRA for real estate investing.