Additionally, the record number of apartment unit deliveries in recent years has led to increased supply, putting downward pressure on prices, occupancy rates, and rent growth.Operational costs have also been on the rise, further complicating the financial outlook for multifamily properties.

Also have an understanding of housing demand versus supply for houses and apartment rents (I wish I considered those factors when buying my first home).Also, make sure you understand debt financing and you spending time modeling out your costs. 

I have 30+ years of corporate finance experience; FP&A, Supply Chain Finance, new business ventures, tech infrastructure investments, and entertainment.

I supply paper products, coffee, hand soap and cleaning products.

The best bet for that would be getting an awesome property manager that does basically everything aside from supplying the financing for the home. 

"While we are in town do you mind if we go to Meijer, walmart, aldi's tractor supply company, the grain elevator..."

For example, if I need a tub surround replaced, they get paid $125 (I supply all materials, so it's strictly labor).  

It's going to take a lot of work on your part, but if you're diligent, I don't doubt you'll find your own workaround.http://foia.ilattorneygeneral.net/pdf/opinions/2018/18-002.pdfhttps://www.propelio.com/propelio-tv/shows/mwdx/targeting-water-leads/

Outside of my mortgage - principal and interest -, here are my expenses factored monthly:Insurance: 300Taxes: 410HOA: 51Water: 55Electric: 300Lawn care: 100Pool & caretaker fee: 220Internet & TV: 100Pest control: 25STR state license: 15That's $1500 or so right there.

There are variables that can have terminal rates lower than initial rates, supply and demand as well as interest rates are a few.