Out-of-state investing in cash-flow markets or partnering with experienced investors for passive returns are also great ways to put your capital to work.

Are you looking into certain investment strategies to begin or certain markets? 

Even when the market is down, gradually adjust rents so tenants don’t experience a huge price shock later.

Fort Worth is a great market to get started REI.

My son is hinking about getting it so I am trying to do some market research.Thank you

For me, it has to be a data-driven decision: what is your current NOI, what would be if you replaced the boiler, how much will it cost, and how long will it take to get your money back...If the area and marketing don't warrant central air, I would NOT do conensors right away and just focus on the forced air.

I would say you should start off by just meeting multi-family investor-friendly agents who can help get you started with 5 units search and work on finding you off-market ones as well Thanks Kerlous!

I'm planning on buying a LTR at the moment, likely small multifamily. markets are hard too.

Look into tools like CoStar, LoopNet, and ARGUS for commercial property analysis, and consider books or courses on underwriting and market analysis.

For calculating ARV, platforms like Zestimate, PropStream, and Reonomy use machine learning to analyze market data and comparables.