First Property (4plex)

[Benjamin Parker]

Hey guys, I'm all nerves so tell me everything's going to be fine please. I just got the ball rolling on a 4plex. Assuming the numbers all check out and the inspector doesn't find anything deal breaking I have some questions. 

1) I don't live in the state I'm buying in. Do I need to occupy one unit to qualify for a conventional loan, or should I rent all four and pay the higher interest? Moving there isn't a problem.

2) I'm trying to do everything over the phone. The agent I spoke to is an investor and tells me we'll make it work but is there anything I should prepare for?

3) Do I need a lawyer before signing anything?

4) Any tips on anything?

5) I freakin' hope this works out.