If cash out out of pocket is tight, that might allow you to reach the 5% minimum for conventional (if that's how you want to go), assuming your credit is good.the $7500 IHDA is out of $. it's just another con game by our bankrupt state.

I had a tenant play that game.

Half a year later, here I am introducing myself to you all after having read more books than my previous fifteen years put together and devouring every resource I can find, including no less than half of the BP podcasts (almost all played at 1.5x speed; thanks for that epic Quick Tip @Joshua Dorkin and @Brandon Turner).

Thanks a lot for any tips. 

Any study guides or tips would be greatly appreciated!

Way to stay in the game. 

Welcome to the board and welcome to the game... er... business.

Gino literally wrote the book on mom and pop apartments....Wheelbarrow Profits.Look for...Below market rentsOvergrown or not maintained landscapingDeferred maintenance on the exterior facadeNo online presence or marketing (word of mouth or signage only)All white interior paint schemesDated lighting and plumbing fixtures100% occupancy (can suggest below market rents)All rents in increments of $25 (a lot of money to be made in smaller increments)2 - 10 year residents at rent rates below new tenantsNo late fees in the P&LSelf-managing (tiring)Self-maintenance (a lot of work)

I use cozy.co for tenants paying online, it's very useful and it has some good resources. 

I am trying to soak in as much information and advise as possible while working my full time job running a doctor's office, so any tips and information thrown my way would be very much appreciated.