When purchasing a MFH to B&H, to me there are several main aspects:-- Getting property in rentable shape/rehab-- Tenant Selection & Management-- Financial ManagementAs I just completed purchasing a 6 family 2 days ago that is already rented and needs little work, my attention is focused on Financial Management.

If you try to break it up in parts you might be able to make better sense of it all.First of all there is the financial aspect.

OTH, if someone doesn't pay miuch attention to their business, they operate in a care free manner, are often negligent in other aspects of life, then doing all you can do to hide out might be a good way to go.This public liability razz is way over hiped IMO and insurance is your best solution.Hey, not implying our OP is paranoid, I know he has good reason to be concerned from other posts, but don't take legal advice from a CPA and don't ask your attorney to set up your accounting systems.

Now it seems as though there are some other aspects of bird dogging that i hadn't thought about.

There is nothing new in RE, there are ideas, but I suggest you strive to learn all aspects of real estate and your own ideas will come in a given situation.

You can always get a property manager to help you with the day to day aspects but you have work those numbers into your returns.

Have they $1100 to actually buy it..even though i did pick this industry of real estate because of the no money or credit needed aspect.

I am not considering the appreciation aspect of the equation yet, just to understand if the 2% rule better in my scenario.But for me to understand, what is the exit strategy for a Multi-family unit?

They are not going to buy investment real estate alone because they don't know how to find good deals like I do, and they're scared of many aspects of managing the asset, but I'm not.I believe this is a very powerful approach, and yes there are some kinks to work out, but it can be tackled.

Ask you banker what they are looking for, not only does tha show you value thier opinion but they will tell you what they want.There are also business organizations that provide assistance, the small business administration provides assistance and the Chamber of Commerce can point you to those that provide assistance.Keep it simple, don't over justify aspects that are generally accepted, like maintenance expenses.