They are not going to let you loose their money.Make sure you use a reputable title company.Understand the higher the cap rate the higher the risk.Make sure your property manager is a licensed real estate brokerage.

There are a lot of things your agent did that someone with experience and/or someone who cared about their reputation would not have done.Cross your fingers she keeps paying on time and if she doesn't make sure you or your PM is on top of things to evict them.

Hello everybody, of course we were working during last 5 years with some retailers implementing loyalty programs based on proximity marketing tools, and currently we are working for airports, transportation systems and other venues....We had the opportunity to test and compare the tree main technologies availables: ibeacon, wifi-routers and Seeketing.Not all strategies are easy to implement, and the results are very different (ibeacon < 1% of total customer engaged, wifi-router/social wifi <10%, Seeketing <70% of total customer engaged)... so more than 30 projects and six years of experience doing a lot of things... happy to share with you any detail if you are interested.Regards

I appreciate the detailed response.

The “agreement” he sent me is below (identifying details redacted):______________________RESIDENTIAL LEASE and OPTION TO PURCHASE AGREEMENTBUYER/TENANT: XXX Holdings, LLC Date: 2-16-2018SELLER/LANDLORD: XXXPROPERTY ADDRESS: XXXXXXRESIDENTIAL LEASE1) Rent: $2,500 per month2) Lease Term: 36 months, beginning March 16, 2018 and ending March 16, 2021.3) Maintenance: Buyer/Tenant will be responsible for maintenance and repairs ofthe property, not to exceed $500 per incident.4) Sub-Lease: Buyer/Tenant has the right to sub-lease this property with writtenconsent by the Seller / Landlord, and this shall not be unreasonably withheld.OPTION to PURCHASE1) Purchase Price: $ 345,0002) Option Period: 36 months, beginning March 16, 2018 and ending March 16,2021.3) Option Consideration: $100 - All Option Consideration will be credited in fulltoward the purchase of the property.4) Rent Credit: Buyer/Tenant will be credited $ 0 per month toward the purchase.5) Closing Costs: Purchaser will pay all allowable closing costs.6) Expiration: This offer shall expire on March 16, 2021.7) Inspection: This offer is contingent upon physical inspection of property andsubsequent completion of a more formal and signed Residential Lease with Optionto Purchase Agreement.8) Non-Exclusive – This agreement is non-exclusive and can be canceled anytimeby either party.9) Assignable – This Agreement is assignable with written consent by the Seller /Landlord, and this shall not be unreasonably withheld.X_____________________________ X ________________________________Seller/Landlord Date Buyer/Tenant Date_________________I have a few questions: Is this legit?

Without knowing more details about your property, the 10-15 year terms are the reason why you're paying high monthly financing costs.

Would love to speak with someone in Greater detail.

I would need to see pics and detailed bid for rehab to get a better idea, but 60k does not go far on a 10 unit. 

I recommend partnering up with someone reputable who has experience in REI and the time to get work done (the pool of candidates would include Turn Key like you originally suggested).

See section 453(l)(2) (B) for details.