The cash flow is ok but if you are familiar with AZ then you know Gilbert is seeing tremendous growth in the last couple of years.

The right realtors can provide tremendous value in marketing & negotiations, and through their connections in the real estate community.Discount brokers exist, if you’re looking to save money.

As Nicholas and Matt also pointed out there are some tremendous accountants willing to work across the ocean.

This has reduced cap rates, increasing values tremendously, and with the continual influx of capital out of "less safe" investments into "safer" investments such as multifamily, cap rates should continue to compress, only lifting valuations higher.All this is to say, that in my opinion, Multifamily is still a great asset to invest in.

Lastly they are "Growing" and providing tremendous benefits and advantages over other brokerages. 

So I am being paid 11-12% current return on my real estate portfolio and have tremendous upside.

In other words is the seller or management company "cooking the books".Example.1.Taking money from another account and making the tenants look like they are paying on time and in full to show 100% occupancy.2.Giving rent credits like first 1/2 month off apartment rent,or full month rent off,or no security deposit,pet deposit,etc. to inflate occupancy.3.Retail leased properties where market rent was 18sq ft but the landlord is selling because lease is coming up for renewal and if tenant doesn't get 12sq ft they will upgrade to the new grocery anchored shopping center that used to be 22 sq ft and is now 18. 4.Watch out for pre-foreclosure volume and foreclosure volume for your area.What I mean is when a buyer purchases a distressed property for below market value they can then rent at a lower basis and still make the same or better profit than you.I have seen this first hand.I have seen rents for apartments 2 bed be 650 a month.Then a few foreclosures happen that buyers purchase cheap for cash.They come on the market and rent for 550 a month.The buyers rent low to get the best tenants to choose from and build occupancy quick.Then over time they will up the rents.What this does is put tremendous pressure on landlords already hurting that have high debt service loans.Then those get foreclosed on and a domino effect happens until the market settles.So my main point is don't count on current rent or future rent.I look at where the market is going and correcting to and buy really low so you have room in case the worst happens.This will exclude many properties.If you make great income form other than real estate and just want a tax shelter with pay down etc. then you might look at it differently.

I would then put flyers together and go around middle to upper class neighborhoods and offer tremendous specials to get your foot in the door.

But if you have a good attorney that understands this stuff, you could have a tremendous upside (like we do) and really do a service for someone who was scammed.

I also want to add that I would not be where I am without the help from a great realtor and investor, and who I consider a friend.She was recommended to me by a bank when I first moved here and has been a tremendous mentor and friend.I also have a great bank, and loan officer who is so amazing and goes the extra mile every time.Finding these people to help you is not hard, and definitely worth the time.They make all the difference in failure and success.