I have a 4 leg approach (one extra to these) and that's a general marketing/negotiating capability.

I'm fairly new to the real estate industry although I've been the design build remodel industry for 11 years.

I ran the numbers with 100% financing and each property still cash flows at or just above $300.What are some of the offers I could approach this seller with?

I've received great ideas and different perspectives, that have made me change my approach for establishing processes but just hearing other people passion is great.

Be sure to establish some goals and narrow down your approach.

My initial thoughts with the people that have approached me over the past couple years was to split the cash flow because they weren't interested in being hands on but wanted long term cash flow.

The easiest time to sound proof is when the property is designed.

@Daniel Ringwald, that's a different approach.

But I know he didn't pay December's rent to the old owner until the 23rd, and I know from the power company that as of the 15th of this month he was about to get his power shut off for non-payment (not sure if it did or not).He has yet to pay me for January ($630 + $100 late fee) and it's fast approaching the end of the month.

All residential properties (1 to 4 units) are valued based on the comparable sales approach (using "comps").