And it's ESPECIALLY tough to find great MF deals as an out of state investor bc when the occasional great MF deal does crop up, odds are that someone local will make an offer before you're even aware it's on the market.

I suppose there is the occasional distressed/desperate seller who's willing to accept 30% below list, but I suppose it's hard to tell from the listing.

I am a newbie trying to structure a deal and have the cash for a 20% DP and 10% rehab but don't necessarily want to dish out the cash on one deal.

Am I responsible for covering the cost of extermination if the bottle flies are caused by sanitation issues, and I have observed tenants dirty dishes lying in sinks, empty bottles lying around apartments, and trash put out on the back porch?

Occasionally, you will find private money lenders that require a percentage of profit on the sale, rather than, or in addition to, the other fees and/or interest.Loan terms can also vary, but most private money loans tend to be about 6 months.

I would just get it tested and be prepared to dish out some cash to get it fixed.

Yes, I can see how establishing a relationship beforehand would definitely make a Realtor want to occasional run comps for me on FSBOs.

Mostly buy and hold, with the possibility of the occasional flip.  

We are mostly interested in Buy and Hold Investments, with an emphasis on multi-family units, but we are also considering the occasional flip when the market is right I found the Bigger Pockets podcasts on YouTube and am hooked, I'm so excited to have access to such an awesome community, especially being a newbie!

I am guessing yes cause you want to use it occasionally, so much more energy spent in managing lots of turnover.Whats the insurance like?