The guys said it best.Make sure you can actually get started before you get started like @John Underwood said.Plus I would really look at just getting more properties like @Mark Miles said.I think you will be ahead in the long run.

You can do a DSCR standalone 2nd Mortgage at 75% CLTV if this is a residential 3 unit building as long as the property can debt cover both mortgage payments 

Typically, when rentals have been on the market for that long here in Columbus, it's because they're asking too much for rent. 

It doesn't take long to learn how to spot a good deal.6.

i am looking to invest in a long term multiple family near downtown.. the prices are much better than north jersey ( where i live) , but I'm not sure about the rental markets and typical cap rate. let me know if you're open to discussing further

How long does one have to own the home to apply usually?  

Here's a rundown of our current financial situation and REI experience:Current Properties:Short-term rental in the mountains of NC:- Owned outright- Grosses $2-4k per month- Valued at $400kCondo in Charlotte, NC (long-term rental):- Owned outright- Rents for $2.9k per month, cash-flowing $2k per month- Valued at $350kPrimary residence:- Located in NC- worth $800k, owe $200kMy wife is also a minority partner in an investment group that specializes in BRRRing foreclosed properties.

It is quite an undertaking, processes will be long and unforeseen costs could pop up.

because if In New Jersey I can get 18% interest rates the redemption period is 2 years which for someone could be a long time their money is locked.

Owning a house together is like a long-term business partnership, so make sure you have a clear exit strategy in writing.