Quote from @Sharad Bagri: We are a few friends from California looking to invest in multi family real estate in Ohio.

@Charmaine Alard why don't you start with comparing the rent you charged your friend vs the rent you could have charged according to Zillow Rent Estimate or Rent-O-Meter.THEN compare that to what a PMC would cost.

The seller will most likely ask their friends and/or family about it.

Maybe they give up partial interest in the property or convince a family or friend to help them because otherwise they will literally lose the property.  

This is more person and human friendly and good for newer investors who want to build locally.

I invested with friends so the lost some money but it is enough for me to scare about this game.

@Fiona Layne-GerminBeginner-friendly strategies for building long-term wealth include house hacking, buy and hold rentals, BRRRR Method, real estate syndicatations, rent-by-the-room strategy, short-term or mid-term rentals, and partnering with experienced investors.

@Karl Kauper Sadly MA is a very tenant friendly state. 

It's important to have your attorney review the title commitment, as I've seen "wholesaler-friendly" title companies include various items in the title exceptions that could cause problems later on. 

Congratulations on deciding to take a big step by introducing yourself to the forums - while everyone is friendly and looking out for your success on these forums, I remember how intimidating it was making my first post introducing myself to the community 10 years ago and before I started working here.