Beginning to wonder if we are smart to stick with our rent controlled apartment (3 bed $3750) and use our cash to buy rental properties in other areasFor SF: Our budget is limited to $1.25m with 20% down.

As a Property Manager, I provide a limited service that I refer to as "Tenant Locator."

As I grew, i discovered there were certain limitations with Buildium that were difficult to overcome.

There was a fire one one half of the property, and the water damage extensively damaged the whole thing- total loss by my insurance companies standards.

From the extremely limited knowledge you have provided I’m not sure what value you are providing here.Typically the next step is going to be form some sort of entity to split the ownership

@Calvin Lipscomb, When I represent a Buyer (in Illinois) on a purchase of a multi flat, I generally request actual leases, profit and loss, etc. through attorney review and keep the contract contingent upon the Buyer's review and approval of the same.

Basically, we finally sold our negative cash-flow condo in south MA and at least got our loss stopped.

That should be your primary goal not selling at a loss to a tenant.

The problem (according to my exchange company) is even though the homes have been treated as joint with my wife and myself, the IRS auditor could potentially push that the homes I owned prior to marriage had a "transfer of ownership" when placed into the trust.My CPA suggested this outline to limit my exposure to this event.....1.

Limiting your capital to purchase more deals.