@Austin TessTo buy your first multifamily property, follow these steps: get pre-approved for financing with an FHA Loan, identify a high rental demand market, choose between house hacking or pure rental strategy, analyze the property using the 1% rule, build a team, negotiate the purchase, and manage the property professionally.

Once you identify trustworthy individuals, then you can proceed.Best wishes and best of luck on your journey!

I would identify a RANGE of comparable rent values.

Identify lot splits along with your primary.   

Here are a few thoughts I have:Market Research: I’m willing to dedicate time to researching potential properties and analyzing market trends to help identify lucrative deals.Networking: I aim to build relationships within the local real estate community, which could open doors to new opportunities for us all.Project Management: My military experience has equipped me with strong organizational and logistical skills that could help streamline processes and improve communication.I would love to hear from seasoned investors about their thoughts on partnering with someone who may not have a financial contribution upfront.

Everyone is a big person with no photo or identifying information, but when I tell them let's hop on a recorded Zoom to finish this argument and then I will post it back in the forum here, only one person has ever accepted.

This can be done for a specific property by researching competitors and using some software to identify rental rates of nearby properties.

To identify a segment with a high concentration of reliable tenants, ask several experienced property managers a question like this: "If you were to choose properties where most tenants stay for many years, pay rent on schedule, and take good care of the property, what properties would you buy?"

My understanding is that most lenders will file a mortgage lien on the subject property as soon as the loan is signed so as to preserve their rights, but what if the lender did not do so before the borrower defaulted?...

I’m glad you’ve identified the first vehicle you would like to take.