Another critical area is space planning.

One of the critical aspects of successful property management is tenant screening.  

Meant to be a constructive post, not critical.

But if you want to buy 2 properties with 0 down, and save your money for property #3 and after, then that part is critical to make sure you don't overspend on property #1 and not be able to use your VA entitlement for property #2.Hope that helps!

Obtaining my Real Estate Salesperson license was driven by a desire to address the critical issue of affordable housing.

As the foundation of real estate investment analysis, underwriting allows us to evaluate potential returns and associated risks accurately, ensuring informed and confident investment decisions.Understanding critical metrics like Net Operating Income (NOI), Capitalization Rate (Cap Rate), Debt Service Coverage Ratio (DSCR), Gross Rent Multiplier (GRM), and Cash-on-Cash Return is essential.

Once fixed, we get everything tested and documented, ready to list the property.Step 5: Documenting the ProcessPackaging the deal is critical.

In alignment with Jason's suggestion, it is advisable to explore various financing options for your property acquisition, potentially enabling higher leverage.Regarding the advice from your Realtor advocating for more expensive multifamily properties due to reduced competition, it is crucial to critically assess whether this aligns with your investment objectives.

@Hamidou Keita Detroit is one of the best cities in the Midwest for investors, see chart below:Regarding, your first property, we've helped many OOS investors get started in Detroit with our logical approach to invest wisely and avoid critical mistakes.

All my rentals are in Kansas in a city that David Greene like to pick on as his Midwest scapegoat (although his criticism isn't totally unfounded, a company there did just land an over $1 Billion government contract so I am happy with my city choice).