It's well known that banks do not loan their money, nor are they allowed to loan credit, so who is funding this type of transaction is my question, because something else has to be taking place, otherwise the only logical answer would be cringe worthy. 

So I was hoping someone else could benefit from having the big pieces like couches and beds, nice TVs, etc. 

I'm not thinking of 'scaling' my business by becoming a 'passive investor' in someone else's business.

Instead of learning through trial and error, you learn from someone else’s mistakes.

I am basically looking for a cashflow property in the Lehigh Valley or anywhere else, but I would love to visit the property as I am staying in the NJ/NY region.

As someone else mentioned, make sure you don’t go overboard with the updates.

A better comparison is to compare your potential real estate investment to whatever else you might do with the money.

But you should be doing the number crunching yourself and not rely on someone else especially the person selling you the property. ✌️ (and don’t forget to calculate short term capital gains tax - that’s why I prefer passive income over flipping)

Everything else; relationships, making connection, closing deals, and ultimately making money, is the result of concerted efforts.

Multifamily properties do require more management overall and typically appeal to a smaller, investor-focused buyer pool.At my stage, I prefer small MFH over anything else because of the stronger cash flow, scalability, and the more forgiving capex compared to larger MFH, but the best option depends on your goals and strategy.