Hello -Like many others here (apparently), I am brand new to BP and recently stumbled across it via the podcast.Long story short - I have a full time job but don't particularly like working 40 hours/week nor do I particularly like working under someone.To that end, I began to consider real estate investing as a means to alter my life.

Hey Team -A little bit of background here is that I currently have 4 rentals in Sacramento and 2 in Houston as well as completing flips but have now decided to venture into apartment complexes.Just had an offer accepted and am now trying to piece the process together as it's a bit different from what's needed from the SFR side.Some details about the purchase thus far:Purchase Price - $771,000Gross Current Rents - $8,400Potential Income - $10,200Here's what I'm asking for:Rent rollLeases for all units Profit and loss statement Operating income + expensesUtility billsMy thoughts process-wise:Receive/confirm the income + expensesConfirm condition via a property inspectionIf all checks out - complete the purchaseAside from some moral support from the BP team, my ask is if - at a high-level - I'm missing any other points?  

No, definitely wouldn't pay $1500k for a stove.The question is how to increase the property value via remodeling/value add? 

@Rick Via  I preface this with, I am not  a lawyer and this isn't legal advice.But my understanding is in Texas you have to have separate accounts for deposits if you are a property manager, realtor etc. 

As a property manager a lot of our out of state owners fund us via Lead Aggregators such as Thumbtack or All Property Management.

There simply isn't enough to go off of at this point in order to make the claim of interest only via amortized as Melissa mentioned above.

I am a Surveyor by trade, and have done a little bit of everything from title abstract, boundaries, and oil & gas work.

If you can find a great deal where you gain instant equity via buying below appraisal value, you are already ahead.

Hello Fellow BPers,I enjoy reading the forums, but there are many times like international trips where I don't have  access to the web, but have time to read.Is there a way I can "download" specific forum topics and r...

Has anyone here ever bought a tax lien/deed to a multi-unit (small apartment complex......or large) via tax sale?