Capex-  make a list of all upgrades required.  

The biggest thing with 5+ units is everything is more expensive, and the inspection requirements (depending on the municipality) are often more rigorous.

It's a more involved discussion that requires one on one communication and no, joining a "community" does not prepare you.

You'll want to read Maryland new requirements for landlords.https://dhcd.maryland.gov/TurningTheKey/Documents/HB693-Land...

I ended up taking a different path.Also keep in mind some brokerages will require you to pick one or the other.  

I had two lines of credit one unsecured for 5 million ( check book) and another for 10 million that we would secure them up with .. but you need time to do that bank required appraisal etc before we could tag the secured line and even at that they only lent 72% in these commercial loan structures..

., mortgage interest and property taxes) requires careful allocation.

So, we are required to file Form D with the SEC only once - for the "parent" LLC.  

The vast majority of properties at their available prices will not meet this requirement.  

I've found an off-market property that would require $175k purchase, $35k down, $20k in repairs, with a conservative ARV of $235k.