-Leverages your current momentum and enthusiasm for investing, potentially accelerating your path to financial freedom.Cons:-Requires managing two properties, which could add stress unless you already have a system in place (or plan to hire a property manager).

Instead, it’s about creating a system where housing remains accessible and sustainable over the long term.

These two states have been super hot over that last few years when it comes to both single family and 2-4 unit multi=family rentals.

We are looking to buy a residential, multi family unit.

When we moved our companies to a new accounting software we looked at Quickbooks, but found its international awareness (tax rules, multi-currency, locale support, etc), project/job, and multi-company abilities to be clunky.To be fair, none of the candidates hit everything on our wishlist.We ended-up selecting MoneyWorks by Cognito and have been satisfied with it over the past three years.

While sophistication of your equity partners (private money lenders) will vary between residential and commercial, the principle of raising private capital is the same.You need to develop your own system which allows a constant stream of PML even when you don't need the funds and/or don't have an active deal under contract.For example; I raise private capital by offering free educational workshops for people with self-directed IRAs.

Once you feel you've built a strong team with your first property and have solid systems in place, I would then start buying more aggressively and taking on bigger projects.I suggest reading this BP article on the core 4.https://www.biggerpockets.com/blog/core-four-real-estate-team

Investment Info:Small multi-family (2-4 units) buy & hold investment.

If you want to scale then you’ll need systems and processes so that you don’t feel so overwhelmed.

Most of the solid multi-family properties we find are gone in less than 24 hours and usually overpriced.