Also do they teach u how to manage the managers who will be managing your multifamily??

Hi Myles,I found myself managing about 20 rentals through my brokerage at one point.

I'm barely competent managing rentals in my backyard in NC. 

It also adds complexity to management.

My property manager called (I live in Denver) and told me they got it turned off pretty quickly, but a whole wall's worth of drywall was damaged. 

This burnout led to me selling off my rentals, dissolving my business with family, and having my mother take over managing her own units.

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

@Gary Abrams A cloud based solution would work really well in your scenario of having other family logging in and helping with management. 

Loans like this can be useful or very dangerous, depending on how you manage your business.The ideal situation for a loan like this is when you have a property that will take a while to get up and running. 

Interview many property managers to find the best one (they can be a deal flow source too).