I am closing on a multi-family (3-4 units) buy & hold investment in East Boston.Purchase price: $969,000Down Payment/ Closing Costs: $113,000I am in the process of buying my first property, using a 2 for 1 buydown, which is in a non flood zone in East Boston.

This is the most complicated piece because you are essentially the mortgage originator (which might run into licensing concerns depending on how many times you do this and your state), and you need to make sure the person who is buying is a good borrower.3) close with a title company or lawyer (state dependent) who knows how to deal with this type of transaction4) set up an account with a servicer to collect the money from the borrower (not required, but highly recommended from note buyers)5) collect payments

Investment Info:Townhouse buy & hold investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment in San Luis Obispo.

Investment Info:Townhouse buy & hold investment.

Hey Meghan, Someone like you in your position might find success in buying an existing property management company rather then starting one fresh.

With this being a buy and hold I am tempted to go in and do the full gut and fix everything up to current standards even though it's not required.

Other than a website at $150 a title search pop, what can I do to make sure I don't buy a tax sale where I'm shelling out money to pay for unforeseen lien?

Very likely I would.Would I buy a suburban 80s built multifamily surrounded by cranes putting up thousands of new multifamily units?  

Investment Info:Other buy & hold investment.