I would recommend starting in your backyard and hone your skills if its possible, I know some markets have an extreme HCOL which may make it unfavorable in your case.

So, here are the basics based on my market, which is AZ.  

Stay focused.4.Master your market.

Those rates are not as nice as rates we got a few years ago for less than 3%, but in today's market I'll take those rates. 

So, I would only recommend doing it when there are synergies to take advantage of such as the partner having a skill like HVAC, interior design, accounting, etc. 2.

Hi Yael, I am a featured agent from Bigger Pockets in the QC market and can assist with all of your questions.

I know many investors go out of state for buy and hold properties to generate passive income, but is Blythe a lucrative market?

Multifamily is not as volatile as single family because when the real estate markets experience any type of correction, people flee to multifamily residences.

There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.

Here are the markets I’m exploring:St.