You will need 20-25% down and a commercial loan for the rest.Most lenders will want to lend to an LLC with you personally guaranteeing the loan.Typically, each MFR would be purchased under its own LLC, for liability purposes.Each LLC would then also need its own bank accounts for collecting rents and paying expenses.

In my experience sometimes those around you or extended family don't really "get it" nor do they wish to chat about something they feel like is un-obtainable and too risky.

Also any referrals for good CPA’s will be appreciated, preferably based on your own experience.

I started sharing my experience investing overseas in the BP forums around 2017 I believe.

I would focus on finding an investor-friendly agent, that both have the knowledge and experience working with out-of-state investors, and VA buyers.

In regards to Series LLCs and states that recognize them or not, the issue comes down to each specific state recognizing the "internal liability shield."

And we ask him if he wouldn't mind reporting to us in 12 months on the amount of savings he experiences from switching from incandescent bulbs to CFLs.

As you accumulate more properties and experience you’ll set a reserve that not only handles capex events, but also other uncertainties (ie vacancy, changes in personal finance, etc).

@Amit Desai I can only speak with my experience, but when we bought our second home with the lender knowing  our intention was to rent it out, the rate was lower than it would have been if it was considered an investment.

Dan Derosa has a lot of experience with subject to deals.