@Noah Mencia just because people paid too much for existing or new construction homes doors not mean that all new construction is overpriced.I have investors building at $125/sq ft and then triple net leasing their property to a management company.

Therefore to someone else that has to pay for labor, maybe the labor cost is a deal breaker for most.If you inspect the house and triple check your numbers down to the screws and nails, I do not see how you can go wrong. 

My properties have tripled in value since I bought them and the original purchase price has already been repaid in rents.

I'd definitely double check and triple check your local/city regulations in regards to rentals, so there are no surprises as to what you can do legally. 

I don't invest in multi-family properties myself but one of the Bigger Pockets frequent contributors on these threads is Brian Burke, who quite literally wrote the book on this, I am buying a copy myself, but please read, i think an ebook available too, I do passive investing only in multi-tenant triple net retail but have spent hundreds of hours doing my own due diligence.

But, for all the Minimum Wage Slaves that work in the Retail and Service businesses, it made the Rents double and triple at a time of Inflated gas, food, medicine to where my old tenants call me begging for help to find a place to move to.

Make sure everyone involved has double or triple checking everything. 6.

I look at props I sold ,5 ,6 8 years ago and get sick, there now triple or MUCH more then I sold them for. 

Finally, have your PM screened, double screened, & triple screened before you sign a management agreement.

I just assume that anyone operating at a high level with triple digits worth of reviews is GOING to have a high average review.