Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Taking on underfunded investment properties can become very stressful financially and emotionally.Remember - if you decide to wade in now "Cash Flow is king" meaning it needs to cash flow when you buy it don't bet on being able to significantly increase the rent to improve cash flow.Good Luck!   

., but as someone with zero experience, would the single family lot be my best bet?

View report*This link comes directly from our calculators, based on information input by the member who posted.Is 9% for 25 years a reasonable loan term for a 9 unit multifamily?

I bet they will market/sell your phone number.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I have pasted the numbers from my calculations below.I also have no real worries about vacancies since this will be a student rental.  0 Mo Yr Sold in 14' @ 75k Asking 132500 Apt1 $ 910.00 $ 10,920.00 Apt2 $ 500.00 $ 6,000.00 Apt3 $ 720.00 $ 8,640.00 Apt 4 $ 550.00 $ 6,600.00 Heat + Hot Water $ (300.00) $ (3,600.00) Water $ (113.00) $ (1,356.00) Insurance $ (125.00) $ (1,500.00) Taxes $ (414.49) $ (4,973.93) Property tax $ (137.52) $ (1,650.19) Electric $ (137.52) $ (1,650.19) Cash Flow $ 1,452.47 $ 17,429.69 Sale Price $ 125,000.00 $ 125,000.00 closing cost   $ 3,750.00 ROI 0 0.135376233

Calculate the yearly taxes and divide that by the amount delinquent to find years delinquent.

At this stage of your life/career, your best bet is to maximize your savings into liquid assets (ETFs should be you go to option - Vanguard, Fidelity or Blackrock).