@Gregory Schwartz I will just sit tight and let the tenants pay off the loan.

You may not be able to make every decision at the start, but you should understand all of the detailed deadlines and dependencies.

I have been able to acquire to 4 plexs this year and am grateful and even more hungry to scale my business now, although capitol to move forward is beginning to get tight, even with using PML.

I do aim for about a 10% cash on cash but with the market so tight and evaluating over a ten year hold I typically focus on an IRR of 20%.

You will need to make sure weekly, monthly, quarterly and annuals goals are met, vacancy is kept to a minimum by either increasing your renewal rate or always marketing, keeping a tight watch on all R&M/capex as well as managing your cash position. 

We don't have a hard deadline, so have time to continue education, etc.

But we did over pay bit even with my contract having 4 scope deadlines.

Hang on tight you are likely in for the ride of your life.

I’m in a 506(b) on the GP Side right now & other than the ability to advertise under 506(c), one reason one wouldn't go with 506(b) and accept Sophisticated investors is increased liability.We feel comfortable and run a tight ship so we’re not too concerned; However, our SEC attorney has drafted all docs (operating agreement, subscription, & PPM) and has encouraged us to have the PPM be a more robust version because we are allowing sophisticated investors to colloberate. 

@Robert WalstonI haven't put down anything as yet...listings are going quickly here, before I can even get an offer on the table, the listing has multiple offers.Not joking, today, July 6th, received an email alert from an agent for multi-fams, texted realtor at 8am to put an offer on a duplex, she calls me 8:15am & says their deadline for offers was 5pm yesterday.