Multifamily is incredibly complex and if you don't understand the metrics or calculations behind it, you're going to get burned. if you're just plugging numbers in until it "goes green", you are either going to miss out on deals or buy something you shouldn't. 

Yearly increasing costs will, in time, eat up any profit they have per unit.

It does really eat into your revenue, but if you're convinced you can't manage it yourself from a distance, you will need either a PM or a co-host.

We eat the first one, thy get a picture of all the glory the plumber pulled out and the second time they get billed.

@Luke Tetreault I like Jonathan Greenes advice to rank your properties and then figure out what makes the most sense.

Greene about this guy I guess.. 

Quote from @Matt Meier: Quote from @Erik Estrada: Quote from @Matt Meier: Quote from @Jaycee Greene: Quote from @Matt Meier: Good morning,I’ve come across a renovation property available at a significant discount and would like to secure it without going the traditional 6-month financing route.

That's going to eat your lunch.

If they reject the concession and the replacement costs eat too much into your margins, it might be smarter to walk away unless the property has other strong advantages.I’d also weigh the long-term costs.

Quote from @Jack Townsend: I heard David Greene mention a loan product that only requires a 10% down payment on the purchase price and 10% of the rehab budget.