I'm analyzing these deals to get feedback on the analyses but if someone is interested, please PM me.2-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.6k/moOperating expenses (per month):- Vacancy: $180- Repairs/Maintenance: $36- Taxes: $300- Insurance: $150- Property Management: $180 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).

We have a mid-term plan in place to transition to real estate/freelance type income fully within 6-10 years.  

@Carl Brown I think we are starting to see some of this transition in the 63112 zip code. 

We were thinking that multifamily is better because when one tenant transitions the property is still making money.

My main interest in this forum as I slowly transition from cubicle dweller to independent investor is to build up my network and contacts and perhaps eventually find the next opportunity.Other than RE I'm a computer nerd for my day job, other interests include building electric vehicles, electric vehicle advocacy, bicycling, outdoorsy stuff, and vintage land rovers.  

Also, obtain copies of the current lease agreements, as you will need to honor them until they expire, unless you are able to negotiate a mutual agreement with the tenants to transition over to your rental agreement sooner.

Were you always a full-time agent or did you also transition into the job?

I think I’m Ready to transition to mfh but don’t want to be stuck With an additional property On the papers. 

I'm a single family investor now ready to transition into Multi-family and looking for some good informational resources to get started. 

Wanted to connect with oahu owners considering making the transition.