You'll probably have turnover costs if the leases are up soon so you need to be aware of that.Expenses..

I'm not saying its a bad idea, but just be aware of that.

Nowadays its SOOOO much worse.Or find a rehab & work on it weekends. ... but make sure you are aware that everything costs more now including all licensed trades like plumbing & roofing etc.BUT dont do it just for money.

This is because of the "due on sale clause" however, I have heard that the bank pretty much will never do this as long as you are paying your loan, just something to be aware of

There are no shortage of lipsticked pig properties out there, and learning to spot them is essential for successful RE investing...we're all susceptible to "shiny object syndrome", but being aware of it is the first step to avoiding it!

I know that more LLCs will require more work in terms of filings and other stuff but are there any other pros and cons which one should be aware of?

Thanks Larry, and I'm aware of the scammers.

Not saying it is not a good deal just saying be aware before you swim out farther than you can swim back if you know what I mean.

Also, by aware of extra parking, lower level kitchenettes, and outdoor living spaces as those can really help boost your returns and lower vacancies!  

Hello Everyone,I'm looking to buy an investment property in New Jersey, I was looking for condominiums because they are selling for around $150,000.00 for one bedroom, and to purchase a multifamily with 4 apartments in this area will cost somewhere around $800,000.00, so basically, through the years I did not get to any investment that required a significant investment because I did not want to carry a large debt and I don't have a large sum to put as down payment.So my hesitations about purchasing a multiunits are as follow:I don't want to carry a large debt.I like to buy the next property in New Jersey because I'm familiar with the location.I'm aware that the purchase price is high, and I'm unable or I'm reluctant to invest, so I may be in need to consider a new location to invest in.I hope that some of you  who experienced the same "problems" can share your experience and how you wore able to invest successfully.Thanks,DanielDaniel