Continually communicate clearly with all parties involved to make sure that expectations are as close to realistic timelines as possible.

Investing in single-family residence fix-and-flip projects in New York involves purchasing distressed or undervalued single-family homes, renovating them, and selling them at a profit.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The current owner bought it for $30K and I know they had to clean up a lot of title work and started doing repairs. 

I can see when they're cleaning the pool, cutting the grass, servicing the HVAC unit outside, etc.

I think there is enough information online that another course isn't going to move the needle on getting involved with a MF property or not.

As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone  mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.

.- Management from the company that was involved in the rehab and knows the property will be managing the property for continuity and accountability.- That management company has vetted possible tenants through their professional screening process and have selected the most qualified tenant for the property.- The management company offers a hands-off approach including coordinating and managing repairs, getting the property rent ready after a move out and placing a tenant from a pool of applicants that may be waiting for a property to be ready.

I involved insurance, remediation, restoration and they all did their part and finished in 2 weeks.

it was an interesting process but basically, the novation allowed us to get the deal done without having to involve the banks. this was a huge motivation. that way I save on having to close twice.