Somebody gave me this advice when i first started....Pick 5 forms of lead generation and stick to them.

And, YES, I know I probably got myself into this situation and I've certainly picked up some lessons learned with this one about screening and not being in a hurry to get people in there to rent.Just wondered if anyone else has experienced a similar situation.

I have a 6 family deal on the table.Asking price 420k I think I could get it for 400kReal estate tax reportedly is $4000Water sewer $200 reportedlyInsurance $2700 per yrGas $600 per yrElectric $750 per yrGarbage pick up $750 per yr.Plus lawn and snow careCurrent rental income $3945After purchase projection $4200 (on low end)Cash flow on purchase would be around $1200 a month...Great neighborhood A+ and the property is in great condition...Looking for help in terms of is this a good deal... and if so what would be the best way to structure it?

Over the years I have wanted to sell the property as I didn't realize what a great investment it really was until I picked up the book, Rich Dad, Poor Dad, and read more about real estate investing.

It is an 18 unit building in a very fast growing neighborhood and just by doing simple due diligence(50% rule, cap rate ratio) it should be pretty profitable.

I love picking everyone’s brain I meet and helping out those I can.

A simple shift in insurance or a significant repair could send this property negatiive.

While this is simple anecdotal evidence to support my general statements, you can use https://www.incomebyzipcode.com to easily compare any given zip code on the east and west side to compare median income levels.

I had a home picked and an offer accepted - waited 3 weeks to get off their butt, give me the run around, and then tell me no 2 days before the offer deadline on the house. 

I have some interest in seeing the completed work seeing that when I was there the first unit was just started (you had picked out the flooring but it was not installed).