I have been investing in real estate since 1987 in multi unit properties.

What has you interested in multi-families in the PA area?

Also you should also want to make sure a third party believes you can afford the homeAs an investor myself we are kicking our chops right now at all these “creative finance” deals that borrowers could not get traditional financing on and got some sort of seller financing and they clearly could not afford the home so come end of 2024-2025 we will see all of these defaulted loans on this which I will look to swoop in and buy at 50 cents on the dollar

Then the judgment would need to attach to the property and then you can foreclose.Issues that could come up are I assume there is no third party servicer to claim the payments were or were not made- so there is a he said she said - if they also occupy the property and statements were not sent you cannot charge interest typically on the loan.You will need an attorney involved to see what if it is still collectible.

The vast majority of buildings will allow you to self-manage (AirBNB/VRBO) or use a third-party management company to oversee operations. 

There is a notification period where the parties need to be notified before you file a TDA.

The importance of creating a professional transaction can also protect both parties.

I have 5 properties (4 SFH and 1 multi-unit, co-owned) and no LLCs, still debating whether to get one.

In the current market structure, all parties including the lender expect the property to appraise for the sales price. 

Model that out for each individual lease, if there is multiple tenants in the property.Underwriting a multi-tenant NNN deal is not as straight forward as multifamily..in my opinion.