All these software will guide you on your declaration asking you basic questions to determine what you need to do and what not. 

They basically dump the bad stuff on you that no one wants empty lots and you are stuck for years with money not moving.

That said, if you can gain some basic knowledge and take away a few good nuggets from a course as a newbie, then it could be a good starting point (of course the best starting point is doing what you are doing here, engaging the BP community).

I was looking for an investment property that fell into the 1% rule as anything higher is basically impossible so close to NYC.

Basically, Id like to know how much teeth does our lease have in light of larger oakland CA tenant law.Any help would be much appreciatedthanks

I would also say that markets like Manhattan are not super representative of most markets in the US - a lot of foreign investment I'd imagine in NYC, Miami etc - I'd guess a lot of these cash purchases are more about exchanging unstable or risky foreign assets/currencies for perceived stability/safety of US top metro residential real estateI think in a lot of other markets where this isn't relevant - I think most are cash offers being "king" as not having appraisal or other contingencies that might sabotage the sale after 30 days or so and make people re-list (sellers will take less to avoid this risk and downside)

Hey there BP community,
I have questions on the topic of large multifamily apartment complexes generally around the U.S.
- What markets are good markets for investing/buying large multifamiliy apartment complexes?
...

Or does this basically PAY THEM to cherry pick properties from a bunch of wholesalers?

Families want safety and a big house, so they are willing to pay top dollar. 

So, basically what I’m saying is, if you’re really serious to get started, go for it.