Now you need to figure out how to find deals and pay for them.

You would need to document your hours along with the hours of anyone else.Do you plan to pay this 'co-host'.If you list that as an expense on the return it would likely turn as a flag in the event that you get audited.Best of luck.

This could be a sign of strong negotiating skills among sellers or a market where buyers are willing to pay close to asking price.Finally, the Median Sold Price is $576,500, which gives sellers an idea of the average sales price in the current market.

It is the funding that I am lacking.I feel that I am in a stalemate and the only way to purchase my first rental property is to generate more income than I am right now to get to the point of being able to pay the downpayment.Thank you all for reading this post and I appreciate any responses and advice.

Most multi family is on one furnace/boiler and the landlord pays the heat.

With the current rental you intend on selling to pay back the private funding, does that cash flow for you?

Also, I would like to buy it cash to get a better deal out of it and not have to pay for any interest or loan fees.

Unless maybe because he has those funds in his business account it’s considered an asset on his PFS until he has to pay it back? 

To that end, it may be slightly more efficient at getting a first contact rate than other tools, as folks may be temporarily lulled into thinking they are being contacted by a human. 

All other things being equal, a high quality tenant pays lower rent than a low quality tenant for the same property.