What are your goals with the multifamily property? What are you looking to purchase a duplex? 6 apartment unit? Have you spoken with a lender? Are you going to go alone on this or partner up? Depends if you're going to manage the property on your own or going to pay a property manager to manage it for you since you're wanting to look out of state. Need to look at the demographics of the area, what are you willing to provide for your tenants to get the best living situation, how to keep them happy so they stay renting with you. Several landlords I've seen do some pinche mickey mouse repairs and their tenants aren't happy. Stuff to consider before diving in to becoming a landlord. I want to see you success, but a lot of investors dive in buying property and then get slapped with the issues/ headaches/ unexpected expenses that come with it. Talk with someone who has done it first hand, if you'd like I can do my best to connect with you with a friend and his dad who are have success out in real estate investing in Bakersfield, CA.
