You might want to start with Commercial Real Estate 101 by Donald Trump and Dave Lindahl, and $50k.The most important askects of multifam is Cap Rate, NOI, Cash on Cash, and Debt (Service) Coverage Ratio. 

As Donald T.

@Donald Placide  the wholesaling forum has some "Sticky" posts at the top that have great info.

Passion and perseverance trump all but education certainly helps.

Being your age is a marketing trump over all others if you want to mow yards and it pays pretty good.

Donald Trump was once about $1B in debt, but by having access to that money, he made (and lost and then made again) a fortune.In terms of how much you need, here's the way I look at it -- a typical rehabber who is pretty good at what he does should be able to generate about 30% ROI per year while he's still operating on a small level (at a bigger level, ROI will drop).

If I'm the initial bidder, and I know my offer has been resoundingly trumped, can I find this out?

Yes Triple Net gives a passive investment.You still have to be active when you research when purchasing and planning your exit.You have to have at least hundreds of thousands in cash to millions to really get into triple net properties.Most prices range from 1,000,000 to 20 million.If it's not a single tenant only then you will have to have management say for a shopping center or small strip center and will have to check in with them as Rich does.My main concern I hear from clients id they do not want to be responsible for anything being states away or out of the country.They just want the check for their investment.If you have little to no money then you will need to grind out very high yield properties to grow your money quicker but that will be hands on.So someone that has 600,000 and makes 200k a year is different then someone that has 100k cash but wants to do real estate full time.One is mainly wealth preservation and the other is wealth creation.The first wants wealth creation but security trumps risk for most.

Bona fide tenants have a right to 90 day notice of termination per federal law, which trumps state law.

I re-read Trumps "The Art of the Deal" right before that.I like business books but definitely not looking for any how-to stuff.