There is no upside when trying to acquire larger multi families.

I'm not sure what size MF property you're looking to acquire, but if it's under 5 units, I think it would be difficult to find someone willing to lend to an LLC at a reasonable rate.

I don't see us acquiring a home of this value anytime soon.

I can't focus on finding and acquiring new properties if I am chasing tenants for rent and unclogging toilets.I think the only reason NOT to have a property manager is if you are househacking and living in the property, or live within a short drive of all your properties and enjoy doing maintenance and chasing rent checks.

Just my own experience...Had a tenant who acquired a bedbug infestation, then after several months of treating it with temprid - which I gave them to use.

As an investor and agent in NYC (the 5 boroughs) I feel like the market is way to high to acquire investment properties that make sense.

And then use that LOC again and again in the same fashion to acquire more properties and not have to tap my operating cash reserves.  

This partner relationship and experience will be far more valuable going forward when you go to acquire larger properties than the value of the “lost“ profits on this first deal.

I just acquired 2 vacat lots in Los Angeles County.

@Maurice WebbHey Maurice,If you have any questions about Hard Money Lending or acquiring financing for a property, please feel free to give me a call, or shoot me an email anytime.