Welcome to Bigger Pockets @Anibal Zapata .Definitely if they are not collecting enough rent, that is the first thing to do.

I am just starting out with a 4 family and a 3 family and am targeting to keep the following for EACH property:Operating Account = 2 x monthly mortgage taxes and insurance (MTI)Reserve account = 2 x monthly MTI, plus auto-transfer of 10% of rent collected each monthWhat do you guys think is a good best practice?

"So now all you do is sit back and collect rent?"

I am looking to setup a c-corp to collect rent on my multifamily unit.

If you are financing the property by financing option payments or collecting down payment funds, this is not a lease option, rather a disguised sale.

@Denise Alberto and @Chris Music also seemed to get increased activity on their sale right at the end of the year..

It really makes sense ( or decide you just want to collect rent checks)We are having a local meet up in Buffalo and we would love to have you come join us we could talk about this deal.http://www.eventbrite.com/e/western-new-york-biggerpockets-meetup-tickets-10206841939Also, I see you work at a bank may I ask which one?

What I would like to know is can I then owner finance it out to someone else and collect the difference on my terms?

Now he just collects a check every month and gets a rather steep discount on ground beef. 

You can determine an estimate of ARV from the data you are collecting plus driving by.Without seeing the interior I just estimate the worse case scenario.