Just think about the guy that bought the duplex in 2004 then got burned in 2007/2008 as he banked on appreciation.BiggerPockets calculators will provide you with an in-depth analysis and cover all your basis, I highly recommend them.

Reviving this old thread about Chicago south shore, anyone more specific information, from my recent visit there I did somehow see what @Mark Ainley says about 79th St, but does someone have more inside depths in the area, specifically regarding closer to the shore or more far (near the Midway airport)?

MST September 18, 2016The data proves we’ve risen from the depths of the housing crisis and deserve this national ranking (look out Portland, Ore.).Phoenix has gone from being one of the worst housing markets to one of the best in less than a decade, according to a new ranking.The Valley landed at No. 2 on Bankrate.com’s list of the top U.S. cities for homeowners.That puts us behind only Portland, Ore., on the consumer-finance firm’s rating.I love great news for metro Phoenix’s housing market.

As @Bruce Petersen alludes to, for MF investments expect to have an in-depth inquiry to your finances and experience.Multifamily loans require a more detailed underwriting process than single-family loans due to the complexity of the collateral, the borrowers and the underlying transactions....careful underwriting is required to confirm a borrower’s creditworthiness and ability to successfully operate the apartment property that acts as collateral for the loan.

Account Closed Thanks for the in depth advice.

It depends on your goals, but if you actually calculate out what your time is worth--the time you'd have to spend on the properties without a manager and the stress that may come with it--I bet you find it's worth the payment.I wrote this article a while ago that starts to talk about benefits of using a property manager-https://www.biggerpockets.com/renewsblog/2014/06/0...In the first section about paying a manager, there's a link to another article that goes in more depth about valuing your time and deciding if it's worth it to pay a manager or not.

He has a 3 parts in-depth YouTube videos to show how to use the software.

We want to create quality content that goes in-depth on the topics YOU want to learn about.

It is a rather large first deal to do in Multifamily (250 units, 5 retail spaces in addition), and it is a property that has tremendous capacity for forced appreciation, as well as multiple viable exit strategies.I have written numerous business plans for different business types, but I have never done an in depth plan for real estate to secure funding on this scale.  

I didn't go into more depth on that situation.