Gained more confidence in understanding major capex items.

It likely would be on a smaller scale as these were not first time investor purchases (total of $4m value).When I was purchasing 2012 to 2018, I had a lot of confidence the prices were going to rise.  

Once you have this team in place, you should have the foundation to invest in any market confidently while not being there physically. 

I'd feel more confident looking at someone's existing Real Estate portfolio, examine their values, cost basis, rent rolls, occupancy rates, history of cash-flows, and taxable dynamic, to properly assess return potential.

However, if you are not confident with your management skills, you can always hire property management.For your scenario, you rent out to 3 tenants (each tenants on each rooms) and they will just have to share the bathrooms.

We feel very confident in our underwriting, but given the jump that we made from SFH to an apartment building, we want to ensure we're not missing steps in our DD/inspection plan.Here's our current plan:1) Have a general inspector complete a Property Condition Assessment.2) Have specialists complete an evaluation of the roof, electrical, foundation, and heat source (2 steam boilers).3) Review financials, all leases, existing service contracts, rent roll, tax assessment, rental certificate, and 12 months of work orders.Here's what I'm not sure about:1) Are there DD items (specifically those that we would request from the seller) that are not captured within #3 above that we should be requesting?

The sale of the single-family should easily cover what we'll need for the cash injection and about thirty thousand left over for a war chest to fix whatever comes up with the new acquisition.We are confident in our plans and our skills and the rest of our team in this new endeavor, we have a good handle on what needs to be done, and really, while this will be a major move for us, it won't overextend our resources.

This can help you make informed decisions and maximize your investment.Keep your wife’s concerns in mind and ensure you both feel confident in the path forward.

How do you structure the first 90 days of onboarding to ensure they are productive and confident?

Not really an amazing deal, but if you like the house and have confidence in the area's growth it sounds like a good bet.