In our largest listing, we have a triplex with a total of 11 beds and 10 baths with each bedroom set up to be potentially rented by the room (electronic lock on each bedroom door, and most with a private bathroom).

Guess my thinking was if they can help me save on the funding part and locking in my first deal , it would pay for itself.  

Barron First off, congrats on locking down two contracts, big step forward!

Good luck on the deal but make sure you know ALL of the costs before you lock it in as it can easily make a great deal look 180 degrees differently.

Hi Sherry,I live in Long Beach, so know the area.We do a little property management, and some flipping, so always have our ears to the ground for properties.

Here’s how this can be managed:Fixed Income Rights Agreements: The terms of the agreement are locked in when the deal is made.

My first MF I represented the buyer on I made 100k. for maybe a weeks worth of work. 3. if your going to be looking a more resi style duplex 4 plex a lot of those get listed and having access to the MLS is far superior to any other on line listing service ONE simply because you will be able to talk to the actual LIsting agent not someone paying for leads.And then of course having access to MLS lock box's and not relying on agents.. this is huge.Now if your maybe going to buy one property sometime in the future and you have no interest in learning the RE laws of your state or making any money with transactional real estate then sure.. its a pass.. although I would still recommend the pre license course so you learn the basics  the vocabulary and states unique laws.. knowledge is power in RE.

So I am all ears...

Have lock, can do.  

I’m excited to connect, learn, and eventually contribute as I gain experience.Feel free to drop your wisdom or recommendations—I’m all ears!