The buyer I have has been doing this since 1992.They have about 300 properties over multiple states currently.They have websites and from my research they house disabled veterans making a transition back into life from war or getting on their feet again.They do not allow drugs or alcohol and the typical period of the stay is 2 to 24 months at a time.Apparently this buyer can offer me more renting out per room to the veteran then what I currently get which is 850 a unit.Since he can achieve higher rents per room I get a great profit as his NOI is much higher even paying me a higher price.I will let you know how it goes.They are work with veterans and no other groups of disabled people or boarding etc.Mentioned something to me about they would have to repair the units to VA standards and then they receive money.

(the community was still in the transition period from Builder to being an independent HOA) - Luckily myself and others stepped up and changed the board, and obviously never used his services!

Have since transitioned to self storage and focus solely in this area now.

I take NJ transit bus into the city.I am a residential buy and hold landlord and invest in Multi Families Union County.This is a great place as well as a great tool for learning!!

I think with things drawn up well and everything worked out as to role and exit strategy things could go smoothly.

Until now we had been flipping and are transitioning into buy and hold and want to set it up right.

So I do try to promote to my buyers listings that are with agencies and brokers that I know are smooth and good so my buyers have a better experience (as well as myself since that's all part of it!)

I'd suggest you have other marketable skills other than RE as RE is very cyclical, feast or famine unless you are very flexible and can play in various aspects of RE such as management, construction, development, finance and marketing, with a good education you can make a swift transition to any aspect of business.

Any assignment needs close attention as to the closing issues, who signs first and the disclosures required, coordination with the settlement agent is critical for a smooth closing.

When looking at expense ratios, I've found that low isn't always good and high isn't always bad...if it's low, it *might* be that the park is running smoothly and profitably, or, it might just mean current owners/managers don't do a damn thing, so it's cheap, but has $100,000 in deferred maintenance!