Not saying it won't be a good deal but you have to know that vacancies can last longer the lower the population.

Tenant Preferences:What are some preferences or deal-breakers that I should be aware of when selecting and marketing to these tenants?

This is a clients deal and the 2nd property he bought through me using 5% down mortgages.

A while ago, there was an agent who prevented me from buying a crappy deal.

You said that you may consider investing OOS if the deals make sense.

Lots of different options here.There is always a private money option - either a one that you find through referrals (like Roman Labos mentioned above) or you have a friend or family member that will finance the deal.

Hard doesn't mean not negotiable and the entirety of negotiating a deal is hard anyway, it should be.

I am also interested in forming potential partnerships to structure my first deal or two.

Having to go back and forth to the property 5 or 6 times for things that could have been handled at the same time is rather annoying and that's not counting the fact the realtors have other appointments to get too or could have worked on other deals while the lender did what they were normally supposed to do etc.In my case I had an ideal deal that fit even their own requirement's, hence why I wanted to go with it.

Purchase price: $302 Cash invested: $7,500 Multi family unit What made you interested in investing in this type of deal?