Prepare to get your lunch eaten, @Armand P. 

Long story short be prepared for a rundown property, quick closing (cash), and a full rehab. 

For instance, if you've determined that your max down payment ranges from 3.5% to 4%, ask yourself: do you have the 4% for the down payment plus an additional 3-4% for closing costs (Yes, be prepared to pay the closing cost for the acquisition of your properties) on a $1.3M property, at your disposal?

You may support your retirement dreams and financial objectives by building a profitable and long-lasting real estate portfolio with careful preparation and commitment.Good luck!

Be prepared to read a lot.My experience has been that they are sticklers for ADA accommodations, asbestos management, etc.

Show one to your tax preparer and ask them what else you need.Your PMC should give you an Annual Statement in January of next year showing ALL income they collected on your behalf with a 1098.This should be all, with anything you paid separately, your tax preparer should need.

Hey BP Community,
I'm reaching out for some of your savvy insights as we navigate a potential market storm. My partners are feeling jittery about jumping into multi-unit properties (think 2-4 units) before a possible...

Since every market is different, thorough preparation is essential to the success of any real estate endeavour.Good luck!

I have a 2 bed one bath that I am preparing.

The cost is NOT an issue, you are expected to be prepared to make appropriate repairs.