I use my own person that can usually fix a problem same day.

Have a person who can guide you through the couple of deals you do at first to make sure you can really know how to do a deal from start to finish (not the remodeling, but systems)3.

I personally invest in Columbus, Ohio because there is a lot of new businesses coming here such as an Intel, Wells Fargo, and Microsoft. 

I've been listening to the podcast for a while and always found it very helpful both in my personal investing as well as helping my clients invest.

You will need 20-25% down and a commercial loan for the rest.Most lenders will want to lend to an LLC with you personally guaranteeing the loan.Typically, each MFR would be purchased under its own LLC, for liability purposes.Each LLC would then also need its own bank accounts for collecting rents and paying expenses.

My personal opinion is that all markets can work, it depends on what you're trying to accomplish.

If you live in it at least 2 years, you have the option to sell within 3 years after move out and not pay capitol gains taxes on up to $250k in profit as a single person.

Hi AllThank you in advance for your time + help.I am wondering what kind of arrangement you all have with your local person who stops by the residence in case of problems.

I imagine there are a lot of 3/2 that probably sleep 8-10 and if you can offer a slightly larger bed count and a cool game room/theme room you can differentiate yourself a bit from your competition and get some extra revenue through slightly higher rate (extra person fees, etc) as well as an overall higher occupancy. 

We went for a traditional bank loan and used the equity we had immediately in the property to finance our second home, which we currently live in, but are turning into a rental property.