We don't have any friends, or friends of friends that live in these areas.Looking 5-10-20 years forward, how would a multi-family unit appreciate versus a SFH in the same, not so good area.I know we can buy SFHs in the same area for about $25-$35k in rental condition, with or without a tenant inside.From your experience, do multi-family properties appreciate alongside their SFH neighbors?

You also know where people want to live versus transitional neighborhoods that people leave as soon as they are able to.

In fact, this is already impacting our financing choice as we have elected to go with 20% down versus 25% down on this next one so as to have $5k extra in reserves.

One MFR acquisition can bring a huge # of units at one time, versus the slog of buying SFRs.There are also lots of good PMs for apartment complexes, and the fees are lower.

I've seen it scale to dozens of properties (a few clients with > 100 units).The key to success if you use QuickBooks is twofold: get it set up correctly, and know what to store in QB's versus what to store in another external system.

If you have a writer's block, it would be better to not write at all versus throwing up some content that's mediocre or worse, just for the sake of having content.

If I plan to use a management company and check out the property initially, would there be any major drawbacks to doing this versus purchasing in the same state where I live?

Also - don't just pick the only applicant - you should have a selection of people to choose from - keep screening - you'll get more applicants and you'll feel a lot better about your decision if you know that you did a comparative analysis and selected the best choice you could find versus the first person that walked up.

If the smaller property starts having problems it's likely it will not take you under as you can subsidize it for rough patches versus servicing a high debt load.

Focuses on how to spot a guru versus a coach or teacher and how to not let Real Estate proffessionals influence your goals.Who do you listen to when investing in Real Estate