Alongside financial preparedness, a solid grasp of your local real estate market is crucial.

The demand for housing has obviously increased the home prices but rental rates have moved along side them.

There's a light rail station right through the area, with a bike path alongside it for easy access to downtown.

When you have an hiccup, and you will, it will suck cash out of your pocket.

I am a self employed and just filed my second year of taxes! Yay!!!Now the bad part, since the whole Carona Virus shitting down a lot of businesses, I recently had to file for unemployment. My question. Is, with doing...

I know in my case my bank will only let me do 12 specs .. in 08 I could have had 100 specs going.. and I would have been like every other builder who got wiped out that phase.I am with @Steve Vaughan the real risk I see in the market is the short term debt on Multi family and the over building of MF in some markets.. and the syndicators penciling deals that only work at 80% or better occupancy.. these are deals that can crater in hiccup..

I'm thinking I may be able to forego adding another property management software along side it unless I find some other features I need that Stessa doesn't support. 

If you're serious about it, schedule some time with a realtor to view the property, and have a contractor do a walkthrough alongside you. 

@Chris Seveney  Chris is someone  U may want to talk with I believe he will let you invest along side him and that is a great way to get some experience without taking on untold risk.. 

After the switch my tenants had some issues at first setting up apartments.com but after those hiccups it’s not bad.