My husband and I have a triplex in the north side under contract and this will be our first true investment.

Everything just seem to good to be true!

Hello Everyone,I am a single mother of two beautiful kids.

She says is just two hours worth of work but I tend to disagree after looking at the existing trim in the house, all the trim from the floor to the ceiling needs an overhaul to look new again.In the five years they lived in the home the owners replaced or renovated the following:AC, dishwasher, windows (double paned with blinds in between panes, can open to reach the blinds), flooring (throughout was very nice but I'd replace the peel-n-stick with laminate so it would be laminate throughout), sheetrock, texture, and paint throughout, ceiling fans and light fixtures throughout, sinks in both bathrooms, chain link fence dog run added, and a storage shed.Other positives:  I talked to neighbors and they are very happy living there, there is a beautiful and big rec center, gym, kids playground, monthly potlucks, people wave to each other as they drive by, there's a craft group that meets, etc. 

If you need a lender, you have to adjust the figures to account for leverage and also paid down equity.With all this in mind, the only true way to figure out the value is with a discounted cash flow model.

Follow a proven system with a reputable company that will "hold your hand" and not throw you over the fence to other people that don't have your best interests in mind.The above is true for both new and seasoned investors alike.Continued success!

Unfortunately, you're probably reading that MFH are dried up right now and it's true- you'd have to dig dig dig to find a motivated seller and use some more creative techniques to find the right property.

This is probably partially true....they probably base your 1/12 escrow charge per month on the highest amount then pay the lower.

Is it true that this profession, if done correctly, can be started with no money and bad credit? 

Beautiful finish work either way