To me the biggest takeaway is that as real estate professionals, we always talk about location, location, location.

Assuming your property is in Utah (like your profile indicates), here's the state law from a basic internet search:In Utah, a tenant who abandons a rental property without notice is liable for the lesser of the following: The rent remaining on the leaseThe rent plus the difference between the fair rental value and the agreed-upon rentThe cost to restore the property to its original conditionThe landlord can also remove the tenant's belongings and sell them if the tenant doesn't claim them within a reasonable time.

Like what remotely with it being ran off of it's own internet paid for by the landlord for a cost 12x more than the $200?

The biggest differences between residential and commercial:  Scalability, financing are very different, property taxes may be different, Insurance is definitely different. 

What I'm trying to say is that going up to 1.5-2 hours outside of even the biggest cities, there are pockets of affordable towns/cities with at least positive cash flow (although its never been harder to find than right now, I've been waiting for 3 years for the market to make sense before buying again). 

The biggest detail is look for a nationwide bank that is full delegated with little to No overlays.

I wanted to work with someone who was going to pick up the phone when I called.From your first interaction with a broker/seller, show through your words and actions that you are honest and reliable.Lesson 4️⃣ - Buyers and sellers become business partners.I truly think one of the biggest oversights in due diligence is the seller themselves.

Quick question: What’s been your biggest challenge when managing smaller multifamily properties?

@Emeka Okeke, the biggest thing is actually doing it.  

I'll also second comps are your biggest tool to get the most accurate revenue number.