What Else Should I Be Doing?

[Tony S.]

Dear seasoned multi-family property closers,

How did you manage the massive list of to-do items and the many moving parts to buy your first multi-family investment?  Did you have everything lined up and figured out before finding the deal? Am I doing enough below to get that first deal?  

With cap rates so compressed, I'm looking for that off-market value-add play in an emerging market  (my backyard).  I'm actively identifying under-managed multi-family properties (2 to 50 units), doing my research into the owners of record and opening up dialogues on potentially making an offer.  

I've created a list of banks to visit to shop loans.

I have a list of property managers to call and vet to find that perfect match for the value-add strategy.

I've already got a great relationships with contractors/subcontractors with my background in construction and my experience owning and managing two rentals.

I'm going to as many networking events I can to tell everyone what I'm doing.  I'm also researching the criteria I can offer investors on their contribution to the down payment to acquire the property so I can begin soliciting friends and family.

Big picture-wise, am I missing something or do I just continue on this trajectory in hopes that one day I can call myself a multi-family property closer?