@Jeff Sacco - I'd be happy to have a conversation. 

I can definitely see how things can get complicated fast if you don’t verify every document and conversation up front.I’m still learning, so I wanted to ask — when you mention estoppels and verifying leases or ledgers, how do you typically get those handled?

Often, when we see a request like this we have a conversation with the underwriter to get an exception or workaround.

And last but not least, there's the BP-themed meetups that I orchestrate here in Asheville, which are roundtable, themed, and conversational...and therefore intentionally smaller (ie, 10-20 people).

(Obviously, positioning it as a "room for rent" will come with a lower price tag since folks would be expecting a private room, not a private unit.)Eventually we will pursue full conversion of the rec room into its own unit through SB9, but that will take quite a bit more time and money.

I pay about $2500 a year for each of my partnership returns with my CPA regardless of whether it’s a $1M deal or a $5M deal.I would save the partnership conversation for if and when you are doing much bigger deals.

Also curious what terms you usually aim for (down, balloon, interest-only vs amortized) and how you approach the seller conversation. 

Some conversations suck, so have them while keeping in mind you have no idea what the other person might be going through.

Don't take a local realtor or Property Managers word for it unless you can have an informed conversation with them about how they came up with those projections. 

Let’s definitely keep the conversation going, I'll connect with you now.