I am currently going through the process of closing on my first multifamily deal.

@Jean G.The reality is: it dependsIt’s a numbers game where you need to first determine: what yield do I want and what are the outcomes/ risks involved that could impact thatBuild yourself a financial calculator to understand this but also understand you need to know every process and how much it costs and how long it takes90% upb on a commercial property in a non judicial state with equity and default interest at 15% is a great deal but take that same asset in another state which also has long eviction laws and it could be awfulLastly bankruptcy could wipe out some of your lien depending on the type and how the loan was written.

I'm happy to help walk you through the process if you want. 

We’re in the process of building and plan to do a MTR, we find it to be a happy middle ground where there’s less turnaround but can still charge more than LTR.

I am in the process of screening a potential tenant, he told me he had a felony from 15 years, he offered to explain but I didn't wanna push unless necessary. 

Bring your questions, soak up the information, and enjoy the process.

I have downloaded all of the other forms mentioned in the book Managing Rental Properties but can't locate the flow chart poster for the tenant screening process.

Our renters were great, emphasizing tenant screening process, and returned the home in great condition.

I'd also feel bad for the seller if at the end of this long process there wasn't a deal reached.Thank you for the other suggestions!

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