Don't get emotional, let the numbers proof as to, how good a deal is!!!

But most/many are on a 5/10 year cycle.

Hi BP!I've been studying/learning about Multifam Apt Investing for awhile and am on the verge of starting a mentorship/coaching program with the 1st goal of getting 30-50 units hopefully w/in a year.  A theme I've bee...

Actually, for people who have been keeping up with rents around the Bay Area and Los Angeles, I think it's going to help create a floor for rents given the timing in the cycle plus our massive housing shortages.

Absolutely ask for proof. 

Don't miss their "bare-all" apartment deal retrospectives, where they talk about everything that went right and *wrong* in their last full-cycle deal!

Here's a great resource: https://joefairless.com/what-stage-in-the-market-cycle-is-your-target-apartment-investment-market/

Finding people with $ to invest is the easiest part of the game at this point in the cycle. 

With them being so far under your projections it would seem best to do it right away and be prepared that both might turn over.Congratulations on your purchase, we currently have zero vacancies in the properties we manage, many of which are in Mesa.On a side note be sure to evaluate the leases, deposits, have good inspections done, etc in your purchase cycle.

I don't know all the details, but I have had people like this before, which is one reason I follow the advice you gave above and I do not rent to people who are judgment proof without significant extra security.