The ad says there is no major problems with the home, but if its anything like the yard, its going to need work.

While you can buy deals on the market by yourself (using the sellers realtor as your agent) I'm not sure that I recommend this for your first deal, so you're going to need a realtor eventually, may as well start now.

Remember, people are always going to need a roof over their head. 

You are going to need property managers who know how to qualify tenants for those places, and you are going to have longer vacancies between renters until you find a good one.Lastly, and most importantly, most banks do not want to lend less than 40-50k on a property which means you need to have an ARV of 50-60k.Is it doable, yes, BUT you are going to need VERY good boots on the ground to get it done...

@Donny Widjaja we usually budget somewhere between $200-$400 per unit in reserves, because, well, you just never know when you're going to need to take down a tree, replace a leaking roof, or service an old boiler. 

I was planning on purchasing another multiplex in the next 1 to 4 months but with the interest rates rising I am going to need to re-evaluate.Good luck

@Tone ChurchWarning Will Robinson!

Needing a $100k may be 5 days of cash-flow for someone like Grant, but that's a high enough number to scare most of us from ever getting started, me included.Sacrifice and exercise your saving muscle to prevent schemes and scams, shortcuts and bad partnerships.  

You're going to need a phenomenal PM, to which I am not aware of any managing where my client is buying. 

We’ll be using the Phoenix 4-Plex as our case study property throughout this series of posts.Step 2: Determining Gap to Down PaymentHow much money are you going to need for the down payment?