It's great to hear about your success with this multi-family buy-and-hold investment.

Quote from @Praveen Kumar: Hi I am looking to buy first rental property and looking to speak with lenders.

Investment Info:Other buy & hold investment in Chilmark.

He only pays $325/month.For people interested in the numbers:Purchase Price: $250,000Rents when fully occupied are $5,500/month (most units rent for $175/week) My monthly expenses are roughly $2000/month (working on lowering this buy buying the Water softener isnt of rent, switching the internet/cable company, and adding insulation in roof to lower my utility bills)The best way to get started is to just get started, I dont have all the answers but it seemed like a good deal and a great learning experience! 

However, you could buy a property with seller financing.

The process of buying, rehabbing, and stabilizing a property remains the same whether it's a duplex or a 50-unit building, but the upside is greater at scale.

Quote from @Nicole Laba: I work with investors in Chicago who are actively buying off-market properties, and Ive noticed that everyone has a different approach when it comes to sourcing deals.

Hey, if you can find me a $500K property that is producing $133K in annual rents, I’ll buy that yesterday!

The reason most inexperienced investors buy in Detroit or Cleveland is because of cheap pricing.

I was thinking about buying the land (maybe it is 20-30k for the .25 acre lot), finding a builder in the area, and seeing if I could build a ~1,250 sq ft 3/2 single family house and see if I could make the math work.