It is important to be able to analyze the trailing 12 month financial statement of a property and take a deeper look at the loss to lease by examining the rent roll.Ideally, you are lucky enough to have an excel version of the rent roll provided to you by the broker or the owner you are interacting with on your potential acquisition (or.. if you or someone you know is developing a character recognition software that is able to read a PDF version of a rent roll and convert it to a nice, clean excel version please let me know!).

There are good and bad but you'll mostly hear about the bad.The truth is, if you want good tenants you need to educate yourself on what makes a good tenant and then screen applications until you find one.If you want a good property manager, you need to educate yourself on what makes a good one and then screen them until you find one.Far too many Landlords hire the manager with the lowest fees or the nice office or the pretty face or the fancy car or the...you get the point.

It's nice that you can door knock but that strategy might not be the best use of your time. 

For sure I'll put on there that if it fails, it's not a done deal, just that the money to repair is going to need to come off that price.The land is definitely not rural. 

And of course properties can still cash flow nicely if you can find good deals.I am looking to partner with someone local to the Indianapolis area with serious ambitions to build a Multifamily RE portfolio. 

Good investments if it’s in a nice part of town.

While you can find partners to take some of this weight off your shoulders, you're still going to need to put EMD down on properties (risking tons of money), your reputation on the line, your investor's confidence in you, due diligence costs (inspection, scopes, lease audits, etc...), travel costs if you're going out of state, and much more!

My mom lives in a nice one but you will never see one on the market as a whole because they are built more like townhomes that share a wall or two (think a square divided into quarters that remain square) and are usually sold as individual townhomes.

Yes, an exhaustive knowledge would be nice, but I was hoping that's what a professional forum like this could help me with.I don't feel it's fair to tell a person to exit the stage just because they're not 100% educated. 

Nice 4 bedroom 2.5 bath with a full basement, attached 2 car garage.