What Made It Interesting: We are working with the town to get a business tenant for the commercial unit that is deemed "desirable" for the town.

I had the wherewithal to start one, but no desire to personally manage one.

People losing their homes had zero desire to move back in to an apartment.We offer 2-3x the space, garages, yards, no shared walls/fellow tenant drama, and in home laundry for a few hundred more than an apartment and less than ownership costs for the people that only put down 3% on a 6% loan. 

Talking with my new found desire to start a side hustle, my buddy recommended the BP podcast to me.

But, most portfolio loans are LLC friendly so it also gives you an opportunity to move them to an LLC, if desired.  

I am considering another less desirable home and my offer would be $120/SF and it’s listed at $145.

I am considering selling one of my least desirable SF rentals and moving that equity to an apartment deal.

It is a desired location but I just don't see $215,000. 

When I'm going to make expired listing or FSBO calls, I usually start off with 3-5 leads that I have no desire to actually work.

So concentrate on his desire to sell as your trigger point for this purchase!