Compounding out your investment and using the returns to generate more income that can in turn be reinvested.

The experience of finding the loan and seeing how commercial deals are done was eye-opening, and I developed a banking relationship that will almost certainly be helpful down the road.I definitely want to use 30-year notes for everything I can in the future for cashflow, but now I have seen firsthand that there are always financing options when conventional won't work if the deal is there. 

A big fat 0 in housing expenses.

Hi Kyle,I have similar goals to you, just starting as a REI, going head first into multi-family and looking to learn as much as I possibly can in a condensed manner.

I say that, because my goal is to acquire as many units as I can in Sacramento before it turns into San Jose!

I've met with many landlords who have been enjoying big fat cash flows for 20+ years from that town.

With that said, I like to use small local banks for as much of my real estate needs as I can. In

Find out as much as you can in advance.

What services would you like to see in your unit; new paint, carpet, washer dryer, cable, security, new doors, windows, out side lights, alarmLet them know you want to improve the apartmentsNegotiate with the tenants, agree on a rent increase to cover the up-gradesAs a bonus, agree not to increase their rent for another 2 yearsA gift of a fat turkeys for the holidaysAn end of year bonus for paying on timeA gift certificate for something they may like I consider a tenant a customer, take good care of them and you'll find you will get your rent as agreed.Remember "late charges" increases your net also.Be kind and understanding when tenants don't pay on time, listen to their excuses or problems, you may be able to help them.Tenants are just like us, we all have problems at times, a little leverage, understanding and kindness goes a long way.......they won't forget you.When we have tenants with financial problems I consul with them, we talk about how to earn extra money (that is usually what the problem is...lack of money).I suggest different ways they can earn money without a job; if your tenant is handy; painting, plumbing, roofing, fixing cars, teaching a course, bookkeeping.

Sonny, Yes you can in short.