Either way, i always decide to buy additional properties as opposed to developing what i have, because I’ll continue having that and can do what i please in the future. 

Additionally, I wholesale deals and we buy & hold in SE Wisconsin.

There are a million sites you can look at to get an idea based on more parameters.

Aside from the risk of taking on the property with tenants, you may also have to purchase site unseen which makes it tough to calculate repair costs. 

I also use business lines of credit from banks, but for this banks definitely want to see revenue (usually 5-10x the amount of a mine they will give you).It is important to remember though that just because these lines and CCs are not immediately reported on your personal credit report, if you miss payments or default you are personally liable and the debtors will add it to your personal credit report.

Additionally we keep the total security deposit until ALL the tenants move out, so the leaving party won't get their security deposit back until the last party leaves. 

This can help you greatly with the additional depreciation.Ultimately, med to large MF and small 2-4s are totally different products. 

Here are a few additional insights that might help as you transition into multifamily:First, when scoping out deals, relationships are key.

What are the metrics for determining site selection?

I have been on the site for the past two days and already purchased two of Brandon Turner’s books as well as the Audible versions so I can just fully emerge myself into the world of real estate investing.