This is the main reason why a project would fail and that’s probably what it is when you see idle building frames in the landscape.There’s another version of that same risk when the developer uses the money from his first buyers for anything other than the construction like personal expenses for example.

On the other, the local attorney, while more expensive upfront, could offer more tailored advice and peace of mind, knowing that a professional is handling everything.Please share your experiences, suggestions, and any questions you think I should be asking either ZenBusiness or a local attorney before making my decision.

While that certainly can happen, it may also take a while and during that time you're continuing to pay on that expensive loan.What are the numbers on this deal?

We strategically focus our multifamily investments in the Southeast region of the US for two key reasons:Lower Costs - Properties are less expensive to acquire in the Southeast than in other parts of the country.

If you are in fact referring to gross rents, then yes you can get gross rents well above that but after all expenses, includeing debt service, PM, maint, cap ex reserves etc, a good deal is about $100 - $200 a door in pure cashflow. 

Vacancy can be very expensive. 

While they do deliver results, they are expensive. 

It is much more important to get to know what a PM's experience is, how many years they have been managing properties, are they also an investor, what types of owners they work with, how many total units they manage, what their largest property is, what class of properties do they manage, how do they handle tenant communication, maintenance requests, expenses, do manage commercial or residential, and what type of software they use.Just some advise from a seasoned investor and property manager, The First Question That You Shouldn't Ask is, How much do you charge?

But what are the expenses? 

HI Hernan,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.