We would like to keep the operating revenue and expenses separate from our personal stuff but want to file them along with our personal tax returns.

We have also decided that family always comes first, money is just money and if something happens to our partnership or management style we will sell the building.

Grateful for any insights to kickstart our journey into Texas multifamily real estate investing.

I sent it yesterday and haven't received a response yet, but either way, I'm happy with my decision because it allows me to set a SOP and follow it in the future.Dear *********,We can propose the following compromise after thoughtful consideration of your needs and ours.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

hi @Joseph Molina, All advertising must be posted within our Classifieds forum only.

We knew that the sellers were desperate to get rid of the property and used it to our advantage.

I know your post was about direct to seller, but in the multifamily space, if you're looking to purchase bigger deals, anything 100+ units, it's more challenging direct to seller.I would start with sites like Crexi to aggregate data in a specific market, and target what you're trying to buy. # units, time left on debt, how many years held, whatever you're focusing on.We've also had some success using wholesalers to bring us deals.

Normally the tenant will initiate their payment, it will take 3 or so days for the payment to withdraw and another 3 or so to deposit into our account.

We're still getting most of our leads via Zillow and Zumper but need more to get our vacancies down.