My piece of advice would be to make sure you have a great agent in your corner to help you assess the market, make informed decisions, etc. having a good agent can be day & nights difference when it comes to your experience.

Or if the sponsor of your investment is doing a good job they should have answered all questions you could think of before you even have to ask.Check out my reply on page 1 of this forum thread:https://www.biggerpockets.com/forums/960/topics/1185204-ashc...I have a few questions listed there that you should ask.

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.

.: Quote from @Don Solt: Hi folks, As the topic states I'm looking to learn everything I can about the City of Philadelphia and its real-estate market.

We are having a hard time coming to a consensus of how to identify, underwrite, and basically take the jump. ( we don't want to screw it up lol) I've searched this topic on the forums but figured someone could give some insights given our situation.

Hey Helena, I know we've already chatted but you should check out this BP thread about us:https://www.biggerpockets.com/forums/311/topics/1184140-plan...

Hence, the decision was to make the flight using a single-engine plane.The same logic applies to multi-family properties: a fourplex has four times the vacancy risk of a single-family.

I rest my case.And here is my older post on finding good CPAs:https://www.biggerpockets.com/forums/51/topics/1222774-expla...

I would recommend just reading up more on both industries and make a decision from there.