@Ruth Bayang my personal approach is to ask them what they are currently getting and do significantly better than that.

Basically, I feel like I've survived the worst of it and I'm approaching the break even point so I should stick with it to reap the rewards on the other side rather than cut my losses.  8 years in the red, but 20+ years making decent cashflow.Thanks again.Andy

@Jennifer Pereira - that was a very rough conservative approach.

I think the approach I'll take is to leave my money in stocks and start saving and building up some capital to invest in a rental property.  

But in the case I find a buyer on my own, what would be the best approach?

This property is located in Southern California so I am not sure what would be the ideal approach to make things go smoothly with the law here. 

I’ve been approached by a friend (call him A) to be part of an LLC company that would buy properties for rehab and rental.

I wanted to know what would be the best way to approach this strategy?

Beyond that, I like your approach starting slow and trading up to bigger assets.Good luck. 

With that being said, I would approach from the angle of building a lasting business relationship with the individual.