He does own several other properties including the triplex next to us.This seems like a win, win to me.

Hi all, To become a decent sized player in the real estate market, what is the best background to have?

It will take weeks to get on the docket and then another few weeks to get a constable out there if you win. 

You just refi out of the 1st, use the cash on the 2nd, refi out of that one to use that cash on the 3rd, and so on...never actually spending the cash...just using it over and over again.The cons,  you have no cash at risk once you refi each property, you are reducing your cash flow from each property by the amount of the debt service, but as long as you are still positive you are winning (as opposed to leaving all your cash in the deal, having a higher CF/month, but being behind from the beginning until your CF s  l  o  o o  w  l  y catches up and you break even), you have debt at risk (no wait, that's the bank/lender that is at risk there since it's their cash that you received from that debt).  

Looking for someone who can help put together a win-win deal.

I love a win-win situation, and if I could easily absorb a couple months of $1200 payments, I'd sure consider it. 

It feels really amazing to be involved in a project like this were everyone wins!

I'm sure all of them are at the least large regional players with north of 1,500 units that they manage.  

Total win-win, and a building to keep into perpetuity. 

If it goes up or stays flat you win. 2) For tenant options, I use a Contract for Option, which transfers no ownership benefits to the tenant and they can be evicted.