Being that you already have property management experience and feel confident in your ability to manage a single-family or multifamily property, it really comes down to your financial position.If you have a good amount of cash available to put a down payment towards the purchase of a property and maintain sufficient cash reserves (or if you have a partner you can work with who does), then there's nothing wrong starting off with a multifamily property. 

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

That said, expect to deal with a fair amount of fluff leads.The two best strategies I’ve found are inbound methods: direct mail and Google Ads.Direct mail can be expensive, but it can also yield highly discounted properties.Google Ads, on the other hand, doesn’t require data extraction like calls, direct mail, or texting.

As long as you and your CPA maintain thorough and accurate records, you should be in good shape.

I bet the numbers look a fair bit better than here, I would hope. 

It's also worth noting that the higher the LTV you look for, the higher the rate will typically be.It's also worth noting that a fair number of lenders will reduce LTV if the property is a short-term rental (STR) vs. having a long-term rental (LTR) in place.

His roof ‘inspection’ was done with binoculars and he missed almost a 5k repair that was fairly urgent—so you may not want to use that co. either.

How do you find contacts, reach out, market and then maintain your relationship with them?

Most prospective guests can indeed see through an overly picky critique.However, there are ways to respond to critical reviews that maintain professionalism and avoid coming off as defensive:Keep it Short and Professional: A brief, polite response shows that you care without getting into the details.

Let me know if anyone wants to get a copy of the Indiana 2024 Sec 8 Rent Fair Market Value.