There aren't many updates that need to be done to make it tenant ready; a couple door replacements, small bathroom fixes, and cleaning out tell unfinished basement which the owner started to make into other apartment but ran out of money.

I wouldn't think a property that is rented and generating income is a candidate for a wholesaler.

I want the slate clean and maybe I can learn something I didn't know before.I want a cash flow first.

Any revenues generated from selling the subsidiaries would flow into the Parent company (If I am missing something please let me know!)

He is working with a new generation of buyers, those that cannot source multifamily and typically 1031 exchanging from a small coastal multifamily into a larger flyover mobile home park.

What else do you guys do beside direct mail to generate leads?

Just gotta get it cleaned.

As long as you can make the payments and generate both Cash on Cash and IRR that meets your goals, it works.

What is the appropriate way to withdraw profit from the LLC as it generates revenue beyond expenses?

They say that Franklinton will be the next hot spot, but it's going to take a while to get that area cleaned up.