The buyer should pay you at least a deposit upfront and the remainder at closing.One step I do that many people probably do not is I have the seller sign acknowledgement of the assignment contract as well.

So I understand that ROI is your profit (income-mortgage-expenses) divides by total initial investment (maybe down payment+closing costs).So let’s say I’m renting it out and building equity, how how does equity come into play.

The eventual plan is to find a team that can take over these processes so we can step out of the business and work on it not in it. 

I'm now thinking about taking the next step and moving into multi-family.  

Here is a book list for you:"Buying and Selling Apartment Buildings" by Steve Burges"Multifamily Millions" by Dave Lindahl"It's a While New Business" by Gene Trowbridge "How to Create Lifetime Cashflow by Buying Multifamily Properties" by Rod Khelif.To answer your question, LOI is your first step.

Any thoughts on whether to take steps to go forward to aquire it or pass...thanks.

He has even sent video updates of his work progress.What pleases me more are the additional steps that Bryan and City Waterproofing have taken to ensure an enjoyable business relationship.

I am looking for some initial advice (prior to hearing from my CPA) concerning the use of a self directed 401k to purchase and operated a multifamily real estate unit. 

I wanted to take some time tonight to reflect on my steps of getting here, it has been a hard road to walk down and most of the time it felt like I was walking in the wrong direction, but I made it through.

We have yet to get prequalified but I believe we are ready to take the steps to doing so.