You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges. 

To summarize, if you are approached by a syndicator raising money for a multi-family building that meets this multiple offer fact pattern (as is usually the case) who is awarded the contact, they more than likely assumed the most ambitious rent growth, most understated cap ex costs or operating expenses or lastly the cost of equity (your return) is projected to be less than the LP’s the other bidders relied upon.

Subject to seems to be more ideal to avoid any confusion over ownership, but it sounds like a pretty involved process that could cost time and money (whereas the other approach is free and simple).Any insights/advice would be appreciated!

Real estate investing makes money.

Love the STR arena of investing and providing a place where guests want to pay you their hard-earned money to stay at your place.

Quote from @Jason Wray: When you sell it just do a 1031 exchange by buying another property and call it a day, that way no taxes I actually want to use money to buy a new primary.

Use that money your saving towards deals.

Next lure in novice investors with promises they can replicate your success with little or no money when in actuality all you have to do is teach them how to buy low barrier single family homes and they will be appreciative because they don’t know any better :) All jokes aside, if you want to mentor/ coach obtain a real estate license and help investors purchase investment properties as you continue to learn the business.

They knew the laws, they corresponded with the tenants, and they sent notices and evictions.Did it cost money?