I am closing LTRs in the low 6's to mid 6's with 1yr prepayment penalties at par pricing (no points) at 75LTV on purchases right now. 

Hey Daniel,Congrats on taking the plunge into real estate investing!

I've always planned on purchasing a bigger multifamily (20+).

I would work with your real estate tax professional on that piece.More than likely looking at capitalizing that 11k and depreciating it, unfortunately. 

My wife and I purchased a three family in Passaic County, NJ a few years ago. 

The real question is if you want to deal with the hassle.

To be a reliable and successful Private Money Lender, focus on building strong relationships with borrowers and real estate professionals, thoroughly assess each investment opportunity by conducting due diligence on the property and the borrower's financial background, and establish clear lending criteria to mitigate risk.

I always add that if people are truly factoring in all the ways real estate makes you money, then there are some markets that make perfect sense as an investment even if you pay retail.   

Having people in a room that shared a common more focused interest in real estate helped to meet many more people.

I'm planning to invest 1 million on real estate however I have little knowledge on real estate investing.