Newbie from Columbia, MD - Investing in Rochester, NY

[Frank Oudheusden]

My name is Frank Oudheusden and I live in Columbia, MD. I am a New Product Introduction Engineer working for a solar power company (MEMC/SunEdison). I help develop rooftop racking structures for commercial solar projects.

I went to RIT in Rochester, NY for my engineering degree and discovered what a great rental market it is. I am planning to purchase my first multi-family investment property there at the end of 2012.

My immediate goal is to go through the entire process with this first property (finding, negotiating, purchasing, working with a property manager, forming an LLC, taxes, etc) so I'm 100% sure this is for me. I'll work on the financial independent cash-flow after that sometime. Big goals, small steps.

I've read my books on the subject (20-25) and I feel confident that my analysis tools are getting more sophisticated and more accurate. Overall I think a 4-unit multi-family residential will be my first target.

Glad I found these forums and like minded people. I have many questions.
-Frank-