I think there is a lot of money to be made in starting a PM business, but that is beyond the scope of our plan presently.

They have no idea on how or when to present the solution to the prospective seller.Example:Let’s say (TIM) is in the market for a new car.

Hi all,I have come across a cute little stone house that is currently set up as an air Bnb rental. present owner is only doing 7 night min`s. making 22K a year.

Opportunistic deal that presented before I was ready but could not pass up.

I’m currently pursuing Multifamily deals 10-50 units in size and am curious how others are treating in their own analysis line items that sellers vary in how they are presented.

I used the deferred maintenance and the amount of time it sat on the market.

We have a friend who made over $275k last year & literally paid $975 in Fed & State due to legit deductions, tax deferred accounts, by exploiting known legal tax loopholes, & by structuring their finances in such a way to avoid everyday tax liabilities etc etc.Corporations do even better than that as taxes are based on profits NOT revenue. 

@Nicholas WecksteinConventional financing won't work on this property.  7 units.Commercial is your next bet, but you shouldn't need hard money, even with the deferred maintenance of the 7th unit. 

The rents were low at around $850-900 a side and the property had significant deferred maintenance.

@D Turner by law, they have to present every offer to a homeowner, so im not quiet sure thats the case