I am afraid I made a great mistake.

Good afternoon allJust for general discussion.....and I know there is a lot of information not given....I was discussing with several colleagues at a recent investor meet up, on their thoughts on best practice/method to acquire another property management company in our geographic location.We were approached by another management company who's owner wanted to retire and presented us with an offer.Original discussions with the other management company(seller) had them wanting a one time payout, say $100,000.

Should I begin by looking for a contractor?

I have already learned a few costly lessons about real estate investing, and I am ready to move the needle in a positive direction. 

Hey BP,Currently a partner 50/50 and I have a dozen properties under one LLC.  

Hello, I am planning to buy my first investment property within the next 6 - 8 months.

I briefed him on the procedure of early move out.

I second Mr_Investor.

I wish I knew all of this sooner, but I guess better late than never.

.$38k Investment I 12% Annual Priority Return I 25.7% IRR I 2.9x Multiple I Hold Time 5-7 years