The third property I would like to acquire is a 12-unit apartment building.

Ok, maybe a third. 

Bring along someone with experience or get a professional inspection done The hidden third bedroom You can transform a large "storage" room to a bedroom pretty easily Ugly countertops and cabinets You can usually just paint the cabinets and new hardware will do the trick Bad roof Usually cost between 5-10 grand.

The third is upkeep.

So I know it is still a bit early to celebrate but I'm still going to share! 

Not typically a primary residence but an second home or third investment property.

BPs community,So I have had four contractors come out and do bids on a basement that I am  planning to convert into a legal third unit.

BPs community,So I have had four contractors come out and do bids on a basement that I am planning to convert into a legal third unit.

Step.1 I located a market I wanted to invest in which happened to be Memphis ,TN due to a number of reasons then I narrowed down to about 4 zip codes I wanted to invest in.Step.2 I made a list using Propstream (No I am not an affiliate just like the service ) Search Criteria-Targeted 5+ unit Property owners -Property Owners that owned for 10+ years or longer -That had at least 50% equity Step .3 Once I compiled my list I came up with around 169 property owners that met my basic criteriaUsing Batch Skip Tracking I tracked down around 60% of the numbers to these potential sellers and started to cold call each one (NO RINGLESS VOICEMAILS ) by the third phone call I met a gentleman named Matt who stated he is a builder owned a number of properties all over memphis and two other markets and was interested in selling a 33 Unit apartment complex in Memphis TN.Step 4 (Build Report ) After Speaking with Matt I discovered he is willing to sell a 33 unit complex in the Berclair 38108 area of Memphis using a 1031 Tax Deferred exchange account now the seller isn't the most motivated seller he is literally holding on to the property for a tax write off but would be willing to sell to use the capital to buy another larger property.

If it's in a village like Liverpool east syracuse Fayetteville or such you have a third bill.