Once you've scaled to 40-50+ units, then you could hire an in house PM and that could cut the costs. 

Imagine costing yourself a $10,000 tax bill because you weren't working with the right professional. 

Also, check out Propstream, they have a 7-day free trial.Connect with Locals:Talk to Realtors: Local real estate agents can give you a good feel for the market.Join Investment Groups: Look for local real estate meetups.

But if your not turning in 100 files a month which cost you money for all the copies they require.

Make sure you have a downpayment, closing costs, inspection money, as well as six months in reserve savings.

Risk Assessment: Consider vacancy rates, potential repairs, and unexpected expenses.Once you're comfortable analyzing a few deals, you’ll be in a great spot to pull the trigger on your first property.If you need help with financing or want advice on what options might work for you, feel free to reach out.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

@Sherwin Bahai the policy cost will be higher when it is a vacant policy with a builders risk policy as compared to a traditional homeowners policy.

Estimating ~$90,000 project cost. 

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