I would hop that these interest rates are the highest that we will see in the next ten years but you never know where the market will go. 

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

I also pressure washed the exterior of the units and raised rents to market rent.

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

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. 

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

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.

Activities like tenant management, marketing, bookkeeping, inspections, overseeing contractors, and compliance tasks all count.Avoid outsourcing tasks, as this reduces eligible hours, and consider adding properties if meeting the threshold is challenging.

Stay focused.4.Master your market.

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