It has all been around for a long time.This is plain and simple buy cheap and owner finance to someone else for more.

Are you computer literate?

A simple search on a service like Propstream will show you what properties have them. 

Its simple arithrimetic but often there is an angle and no prop is the same.  6)  good beginner rule I use for myself is that for a buy and hold multi - if it needs more than 10k of work its probably not a great FIRST investment.  

This gave many the false sense that real estate is simple but its not.

I'd like to keep my first deal relatively simple and therefore I'm focusing on 3-4 MF for now with aims to quickly advance into 5+ MF and commercial.

You can do this with a simple, one-page addendum, or even a written statement added to the existing lease and signed by you and the tenant.Example:This lease agreement is hereby amended to reflect the change in ownership of the rental property located at 123 Straight Street, Cody, WY 82414.

Although instead of knowing about roofs and rehab.. land folks need to know about:Zoningwhere is the power  is there internethow deep are the wells or is its an area that water is super toughDoes it perc. and or how expensive are septic systems.Wetlands Etc.Now if you target land with all city services then its just dead simple.. figure out the retail value and buy below it and do your flip..

Obviously, you pass this cost on to your borrower.My experience with Lightning Docs is that they will answer simple questions at no charge. 

I keep thinking about tools that can help me reduce risk by catching errors or red flags in seller disclosures and inspection docs, but that's likely because I've had a bad experiences with both.A simple and obvious example is a seller checking "No" for pests section, such as Scorpions and Snakes in Arizona when the property is in the desert, so obviously, there will be snakes and scorpions.