First time investor, working with a lump sum.

[Corey Ward]

Hello, I'm new to the investment game and I'm looking for some guidance. I'm going to be coming into a lump sum, and I'm wondering how I should go about buying? My plan is to start with two properties, with 4-5 units. I would also like to live in one to limit my personal costs. Am I on the right path? Any help would be great. Writing rental contracts, dealing with tenant's, is it worth it to have a property management office handle my properties? 

[Nick Lamagna]

Commercial is great, there's nothing wrong with going into 4+ units as long as you do your homework, its a long term strategy and lots more to be aware of than a single family home.  If you are coming into a significant amount of money you can get into a turn key performing unit with a conventional loan and start cash flowing the day you close.  You could also but a distressed under performing property looking for seller financing to help structure the deal and you could create a ton of value.  This can be more dangerous for you if you do not have any experience investing in commercial.  I highly suggest a property manager, the amount of money they will charge you to not have to be the person everyone comes to complain too is worth the money.  Property management is just another job you would be taking on, pay someone to do it and go enjoy your cash you are making :)