Strategy is to approach «mom & pop» sellers of multifamily, distressed properties with some sort of a problem, 10-25 % seller financing, rest bank loan, reposition the property after problem solved,refinance well, manage well and repeat process.

I needed to make a decision as closing was just over a week out, and I was going to be out of town for the rest of the week.

There was vomit on the floor.Question:  How much should I bill the company for the biohazard cleanup and the emergency services response? 

Over-leveraging is more of a problem if you don't have the income or reserves to cover the debt service. 

C is going to be blue collar, and service people.

I have the deposit that the county is asking for the deposit of my bid but I still need to come up with the rest.

Your sister could be added on as a non-equity employee and issued a W-2 salary for services provided. 

@John Moran,There are number of active investors as well as service providers who are frequent contributors on this forum.

A property management company is a vendor and I wouldn't give equity in exchange for vendor services. 

So the only question is, does the Market Rent for that location and Type of Unit cover the HOA, plus Debt Service, plus whatever other Expenses need to be paid..Because if it doesn't, the Landlord is in for a world of hurt!.