Short-Term Commitment: You're involved in the property for a shorter duration (typically months to a year), which can mean less exposure to market fluctuations but requires intensive management during renovations.3.

I do want to get involved in multi-families.

I would find someone local who is involved in real estate or management who wants a side job.

Which ever market you choose will depend on your strategy and how involved you are going to be.

I understand they are using a promissory note, But have you thought about getting some kind of legal opinion before getting involved with that option.

Just about everybody (including) myself was involved in RE back then.

Be involved with your management company and realtor until you completely feel comfortable.

Share out stories about each of the deals you've done, projects that you've underwritten and passed on (and reasons why) so that prospective PMLs within your social network can see what you're doing and pique their interest in getting involved.

The plan involves a common wall connected to the house.Any advice would be much appreciated!

Most investors recommend that I not have agents involved.