Third, unfortunately finding a mentor is not as simple as posting here, especially in the multifamily world.

I have the best luck with a simple postcard with my phone number all over it with a clear message about buying houses. go big printing dot com has many great designs.

Thomas Tusser 1557This company purported to flip urban Baltimore row houses. from the article above, one investor bought 2500 Hollins street west baltimore for 20k, then spent 20.5k for rehab, a simple Google street view search shows it to be abandoned row houses in worst neighborhood of highest crime city in America.

I have built a simple tracker to look at my Syndication Investments, I'm sharing with the spirit of learning and have masked out the Sponsors names. 

DO THE CHEAP SIMPLE STUFF AND DONT BE LAZY.   

Of course it’s not as simple as it appears.....lots of hidden costs, taxes, insurance, preservation, etc. and much depends on the jurisdiction as to length of foreclosure process. 

As for my character, well that's a simple one: I'm an Iron-Fist in a Velvet Glove.

Make a simple spreadsheet or written list with the features of each and see which ones appeal to you most.

My goal is simple.

Simple rule: ignore anyone that says the mortgage has ANYTHING to do with your gain or your taxes in regards to a 1031.