And two, the help if you ever come into a lawsuit.

Tools like Rentometer and Roofstock can help with market analysis and property selection.Good luck!

The information contained in this post is not to be relied upon.

This will allow you to take on bigger deals with your cash on hand.LTC is a ratio with the potential to limit your loan amount.

That will help you garner a better picture on if holding this property longer is a fit for you. 

This can sometimes help with regulations and building codes.Just my 2 cents. :)

I don't know if this is for you, but my husband and I have mentored quite a few investors in Canada and helped them purchase their own multifamily. 

This is my specialty.  

And, know this: what you don't know will hurt you. 

We have helped a ton of clients with the process here in Chicago..just be sure to find a team (Agent, Lender, HUD Consultant, and General Contractor) that has done these renovation loans in the past!