That asset class isn’t suitable for buy and hold except on a large scale for experienced investors that specialize in that area.

Jay Hinrichs It’s funny because those who bought a 4 plex in Phoenix after the crash now have experienced the rebound.I was late to the game and bought mine in 2014, but I could have bought dozens of them off the MLS for around $150-175k and they are now worth $300-350k.

Here is the recent post https://www.biggerpockets.com/forums/92/topics/566319-abc-capital-philly-invest-review-terrible-experience

After reviewing the said Moderator's profile, he had started a umber of discussions promoting himself quite bluntly looking for services...

Hi,I was just trying to know what may be risks(hidden) involved with private lending on first lien.I hope there must be many experienced investors and lenders here...if you guys wants to share your experience..Thanks 

I didn't know the best way to do this so I Youtube'd it and read reviews from people who had done it.

Do brokerages frown upon part-time agents or would they welcome me with open arms and team me up with an experienced agent for a few deals to learn the ropes?

@Christian Whitehead the lease terms will dictate, so read them carefully...and your state landlord-tenant laws will specify what to do....looks like you have a few city ordinances as well...so review those as well.In general, if they are truly month to month...you, as the property owner can simply elect to not renew the lease...I typically give 30-60 days and if it may turn ugly, offer cash for keys...$500 to the tenant after they are out and the unit is clean.Good luck! 

If you are experienced in that city and can point me to some good zip codes as well as investor friendly agents, please let me know.

We don’t want to buy without consulting with an experienced GC on the reno costs either.