while these deals can often go well please remember that if they miss a payment it is not as simple as evicting them.  

Now, in fairness, different market ... but remember people will give you obnoxious prices just to see if you say yes, so be prepared to haggle a little bit if necessary.

Remember in commercial deals you're not buying a building, you're buying a business that happens to have a building in the deal.

Remember it is not about the IRS or taxes - it is about you been PROFITABLE.AND it all starts with QuickBooks - Learn it right - It is a lifetime investment. 

Remember, these are only petitions.

Remember you don't have to own a property to control it.

Frank and Dave are great.Best of luck, remember that you can only learn so much by reading and must jump in at some point to learn the ropes and figure out what style you like the best.  

You'll need to raise much more than that because you'll have to cover closing costs, syndication costs (remember the attorneys we talked about), any needed renovation or deferred maintenance that needs to be corrected, the first year's insurance will have to be pre-paid, utility companies will require a deposit (and for 100 units it's not a small deposit), the lender's tax and insurance escrow will have to be funded with a couple of months cushion, and you'll need capital reserves so cash flow isn't too tight. 

You always need to remember that you are serving a particular market, not making a place where you would live.  

@Karin DiMauroNow that you mentioned sturdy chairs, I remembered we also needed those "anti-skid" pads under all the smaller throw rugs. and tightened all the railings...