Make sure you know what the normal rates, points, and terms are for hardmoney lenders in your area.

Obviously if you go this route you need to be very attentive and make sure to zero out the credit cards as the promotion ends.  

You’ll need to handle inspections, work with housing authorities, and make sure your tenant screening process is solid.

Make sure to run the numbers on DSCR, CoC return, and cap rates to ensure profitability.

It's going to be more about your confidence in the market that you can afford than anything else, so the primary thing is to look up a few areas you might be able to afford and then look for someone local that can hop on a call to give you an idea about what investing there is like. 

If you go this route, make sure there is a very very very wide spread because it's so high risk and easy to lose.

I had read Mark's article and just wanted to be sure I understood what constitutes "flooding".

I was debating if I should partner with a friend or family member who is willing to work on a property together. ill be sure to make sure things are done legally and fairly so no one get short sighted and things don't get messy.

Property TypeUnderstand the different types of multifamily properties:High-Rise: 9+ floors with an elevator, often urban.Mid-Rise: Smaller than high-rise, usually with elevators.Garden-Style: Low-rise apartments in suburban or rural settings.Walk-Up: 4–6 stories without elevators.Manufactured Housing Communities: Mobile home parks where land is leased to homeowners.Special-Purpose Housing:Student Housing: Designed for college students.Senior Housing: Dedicated to older adults.Subsidized Housing: Affordable housing supported by rent and income restrictions.3.

@Emily ShinHouse hacking a multi-family property is an excellent way to start investing in real estate, especially in a market like Columbus, Ohio, which offers affordability and growth potential.