Add another $300 or so for taxes and insurance and you're at $2465 PITI. 

There's obviously quite a bit of diligence that comes after such as who the key principles are and their credentials/track record (both balance sheet and experience), the underlying real estate and thesis behind the investment & tax prep and audit procedures but as a general rule of thumb if the investor can't get past the first part which is understanding what they are investing in, passive investing is probably not for that individual. 

In doing so, bear in mind that the cost and admin of a corporation is higher and that the tax treatment is different:1.

Its a 12 unit building so lets say 2 persons per unit . 60x2=120 a day per unit 120 x 12 units = 1440 gallons Depending on area lets round it up to an even 2000 gallons . 

You have to find a zip code that has a prevalence of multifamily and a pathway to build multifamily.

Glad you are setting aside money, but if the HVAC is 20 years old, or the septic system has never been pumped, or the roof is 25 years old, etc; you will get hit with a cost before your build up enough set aside.How stable is the other tenant? 

It's actually cleaner and more straightforward than building in assignment fees here and there. 

Buyers and investors who position themselves early will have the advantage over those waiting on the sidelines.For those looking to secure financing or explore investment opportunities, now is the time to build relationships, line up funding sources, and identify target properties before competition increases

Hello Trying to get back on the real estate investing space and build new connections that can help me to speed up the process.

However, this means you’ll need to comply with the annual filing, franchise tax, and reporting requirements in both states.