But I went ahead because my goal was buy and hold with 100/unit/mo longterm and it seems to do that assuming I can manage the transition from current rent to target rent.  

I'm not looking for a buy and hold property at this time so I'll do more research into the tenants once I get that info from the prospective seller so I can get it the lender if the deal looks like it may work out.Thank you!

There is NEVER a good price when overpaying, that is just praying for appreciation that you can hold before you're insolvent.If CF is king, then happily snatch up the B/C props in Buffalo, Cleveland, and Indy.

By the time you factor in longer Dom, higher holding cost, and lower sales price you will end up losing more money.  

It occurred to me today though that we very much use the accounting method for this and take the book value of each of our real estate holdings rather than the current market value.

Who holds the note now?

They must be holding title in a trust or LLC

I will lead in the right direction, I will make sure that you don't make the same mistakes I did throughout my process that will hold you back.

Hello,Does someone with experience know if there are better buy and hold real estate deals to be found in Chicago during the winter because there is less people to buy during this time?

How to create wealth and passive income through smart buy & hold real estate investing" It's a NO NONSENSE book that is direct and to the point about this business.