Keeping a 2.99% rate sounds great, but it may be costing you thousands of dollars if you are in the double digits with your other outstanding debts.

Also, monitoring contractors/sub contractors and keeping everything on schedule can be very difficult remotely.If you're buying turn key properties out of state is fine and a property management company and a good handyman can resolve most issues you'll run into.

Doesn't that help keep property taxes lower or the owner-occupants.If 5% of the properties are being bought by investment companies, that means 95% are not. 

It is possible to self-manage and save on this expense (or at least keep it for yourself). 

The more you know upfront, the less your spreadsheet surprises you down the road.One last note: I’m not a lawyer or CPA, so keep this strictly as friendly advice.

I also reccomend lining up a contractro early, realy early, from what I’ve heard, so you can keep everything on schedule and budget.So now that you’ve tackled what most investors would call a major job, do you see yourself repeating a similar strategy.. or do you feel like branching out into something else?

A window A/C might keep it comfortable, but it often doesn’t meet the standard for counting it as fully finished square footage.

I am looking to keep growing, making myself better as well as other people.

But prices don’t always drop right away; they often stabilize as buyers and sellers adjust.For multifamily, rising rents in many markets have helped keep prices steady because higher rents mean better cash flow.

Keep your first deal simple, and don’t be afraid to reach out if you need help or want a second set of eyes on a deal!