The address she gave me is for helping hands church in North Carolina not a convalescent service.  

However, we have 2 more units coming online in January and feel like these transactions could get tedious and might be more efficient if sent in bulk.Question for more experienced hosts who have scaled up...If you work with a cleaning company that provides these services, how frequently are you paying them? 

If not, go back to step 1.Two reasons to use a paid service like Listsource, or us when we expand to your area:1.

The reason for the seller's willingness to discount that much in today's climate, from what info I have so far, is due to the extremely low rate on the modified loan (less than 2%, recast for a new 30 year term).So due to the rate, even at 50% of UPB, the return on my investment would be around 4% after considering servicing fees, etc., which is not nearly enough to interest me in this deal, considering the risks of borrower re-default, etc. 

My goals for this post are to:- Introduce myself- Connect with others operating in beautiful Northwest Arkansas- Begin assembling my network of service providers- Accelerate my learning curve If you fall into any of these areas, please connect with me.Respectfully,Jeff Rice

This is value add opportunity- rents had previously been under market value (450/month) and since acquiring the property and renovating it, the management team recently raised the rents to match market value in the area (525/month) The property is projected to generate over 25k of monthly income, a cash flow of almost 11k a month, and the annual cash on cash ROIis projected to be nearly 32% This would be my first large multi-unit apartment deal and I’m looking to either obtain a commercial loan for the property or (ideally) find private/hard money lender that would might also (eventually) serve as a partner/mentor/associate/eventual first to a smart, hardworking, and ambitious young real estate investor.

I'd rather put less down but I want to be able to maximize this opportunity without making Uncle Sam raise an eyebrow.

@Patti Robertson you raise a good question. 

I don't expect free knowledge and am willing to discuss bartering services.

. #5  Get to know the neighborhood police officers, city officials, and social service organizations in your area.