Soon after that there will be a maintenance scheduling and tracking piece (allowing you to schedule anything (also some tasks that remind you to switch out toilet wax rings every so often, clean dryer from lint (fire hazard after a few years), etc.).Thanks for your feedback!

Buy a lien on a piece of vacant residential land in a decent neighborhood and maybe a lien on a home or duplex.

Here are some pieces of advice that I wish I had when I bought my first apartment complex:1.

Anthony, why did you leave out such a key piece of information?

Stephen,Time is money.If you are at the top of your game you expect the money to match.There are too many investors out there who can show me hundreds of thousands to millions of dollars in their bank accounts and stock portfolios etc.All I have to do is have a listing they want to buy.Guys with no money locking up property to try to wholesale commercial real estate and "make it rich" are a waste of my time.I play percentages.A direct buyer has a much higher percentage of closing than a non-direct buyer because there are so many more pieces involved to make a successful transaction.If an investor wastes my time and wasn't a real buyer they are actually taking money from me.The reason is I have nothing to show for working with them versus I could have spent the time with someone who could close the deal.Hard money isn't bad as long as they have some money in the deal.There are a lot of people who don't have 10 cents trying to be something there not.Everybody has to start somewhere so nothing wrong with it.Just be honest about where you are TODAY and where you want to be TOMORROW.Showing a proof of funds valid within the last 30 days would go a long way with a broker/agent to take you seriously.Obviously if you don't have that and are trying some off the wall stuff you will meet a newer agent with very little experience or someone in the game awhile but hasn't had much success.Just like Jake I will vet a potential investor client just as much as they qualify me.If both parties are not asking questions and verifying there should be some serious red flags that come up.

I understand the principle of the thing and this guy really sounds like a piece of work, but with the time, energy & money you will spend on trying to get him to repair things could better be spend getting out of a bad situation.

But someone who has owned a piece of investment property (even one that accompanied a primary residence with the intent of holding and subsequently does only the minimum necessary to spin that off from a primary residence and intends to buy more property to hold for productive use would stand a good chance of doing a successful 1031.  

I'm looking to find a way to maximize a piece of property that I own with direct access to a well traveled road.

Carson demanded I send in money WITHOUT providing a PSA (Purchase Sales Agreement), then refused to supply a blank AOM (Assignment of Mortgage) or Allonge for the 2 crappy notes I did end up winning the bid on.

I am also assuming all units are rented, and they are getting the posted prices. 4 unit building asking price is 54,900Units rent out for 400, 410, 400 and 300 a piece or 1510 combined (we're assuming all are rented in this scenario)Building is in no need of immediate repairsWould use a property management company that is 10% of the monthly rent with a 150$ minimum.