Exploring FHA loans makes sense for a low down payment, but keep in mind the competitive market may require some flexibility.

Financing can also vary depending on whether it’s 2-4 units or 5+ units so keep that in mind as well.Having a strong team and lender familiar with multifamily deals is crucial.

I utilize a PO Box as well.It wouldn't be hard for our tenants to find out where we live (tax assessor's online tool) ~ But for $50/yearly ... it gives me a bit more piece of mind :)

Keep in mind rent control is 1 thing, its a laws for existing tenants but some city's like Newark are so strict that you must get approval for what rent can be even after a tenant moves out and new ones move in. 

I’ve got a question that’s been on my mind recently.

Looking forward to meeting like minded Real Estate Investors

Who did you end up using for your project, if you don’t mind me asking?

Keep in mind though those types of project are not 90 day flips in a 500 to 600k market. 

@Chris Kelly It is very hard to evict someone for a lease violation and never mind something that is legal to do in the first place.

With that in mind, I’ve decided to focus first on finding a distressed SFH that I can add value to, live in for a few years, and keep as part of my long-term portfolio.I like your suggestion about building the “core 4” team—agent, lender, contractor, and property manager—and will definitely prioritize that as I move forward.