And don't worry about setbacks; they're a normal part of the process.

When thinking about a good budget, it’s important to account for more than just the down payment and factor in costs such as closing costs, which can include a processing fee and, in some cases, an appraisal if required by the lender, especially for multi-family properties.

If you need any financing advice or have questions about the process, feel free to reach out!

Do you find that certain factors weigh more heavily in your decision-making process for these types of deals?

I've tried many different strategies, and all have turned out average...economy of scale and systems & processes play a key role in long-term success.

I am in the process of purchasing 3 properties all right next two each other. 1 multifamily and 2 commercial office space of which we plan on using a significant portion of for our medical practice.

Are you hoping for the partner to train you while working together, or would you prefer regular updates on the process?

I think you should let the tenant go and use this as a lesson to button up processes and fix your lease.

I also know that this strategy is often used to leverage available cash for multiple deals.However, as a new investor, I've decided to focus on purchasing one property at a time and go through the learning process until I complete a refinance.Only after receiving the funds from the bank would I consider rolling into another deal or multiple deals.In this situation, do you think it's better to still take the 80% loan from a hard money lender, or should I use the cash I have and purchase the property outright?

Steve: If you are going to bid on an Ohio Common Pleas Court  foreclosure, the process is pretty safe because the foreclosing lender has to include a "PJR" which is actually a "Preliminary Judicial Report" which is a title report and include a commitment for title insurance should the bidder be successful and the property to be conveyed.This differs from a liquidation auction by a lender, private auctioneer, receiver (other than an actual foreclosure case) where you might be successful but the property has pre existing liens that don't get swept away by the foreclosure case.For your first one of these, get a lawyer to advise you.