Research the area to check local amenities, transportation and other factors that could affect your quality of life.

Hello,Trying to get a ballpark on what the current best terms and lenders are for 6 unit multi-family.Lowest origination fees, Lowest APR.Thanks

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Also have an understanding of housing demand versus supply for houses and apartment rents (I wish I considered those factors when buying my first home).Also, make sure you understand debt financing and you spending time modeling out your costs. 

As I've been learning, there are the key taxes to understand when investing into a new area or state:- State business income tax (if you have an LLC)- State personal income tax (if they want to tax you too, even as an out-of-state investor)- City personal or business income taxes- Any registration fees due the city/state- City/state property taxesAnd I'm sure more!

If you have a low credit score (or in this case no credit score) there are fees or an increase in the security deposit. 

Is the manager collecting fees for services rendered? 

Then if you end up doing a self directed IRA instead of a Solo 401k from not having any self employment income, you are subject to UBIT rules, which can cost you thousands in fee annually just for the filing depending on the complexity - in addition to the tax owed. 

Pros: You save on sales fees etc, and don't pay capital gains.

The factors you are dealing with are the construction type, age of the roof and it's hurricane protection, the age of your wiring, age of HVAC, and age of plumbing.