When you've got tenants in a property that wasn't built for multiple units, you'll generally have many more problems with noise transfer, causing you to have more frequent turns.  

A broker just allows you to access multiple lenders and only preparing one underwriting package.We are working with Talonvest right now on a project and expect to get 8-10 term sheets to evaluate. 

I am a new investor in the Western MA area and am looking at multiple areas including Holyoke for a residential multifam to house hack as an initial investment property and keep as a rental down the road.

(If anyone has been in the same boat as me please share ideas for saving for multiple events.)

I have come across a condo association that is VERY rundown (drugs and homeless) and not doing well at all, interestingly it is surrounded by multiple apartment complexes geared towards students.

As @Kay Kay Singh said, there are a lot of factors to consider, but ultimately you're looking to confirm that there will be future demand for your investment and you're buying at a number where you can make desirable returns both today and in the future.We have specific metrics for our investors such as IRR, cash on cash, equity multiple, etc.

Thank you all for your contribution be it by commenting or asking questions similar to mine.It needs to be known that I am an amateur in RE investing so this post/question is designed to help me broaden my horizon, and "see" this beast (RE INVESTING) from multiple angles and perspectives.Long story short - I have upwards of $20-$35k on hand, and I want to invest in my first property in Baltimore city or county. 

I have come across a condo association that is VERY rundown (drugs and homeless) and not doing well at all, interestingly it is surrounded by multiple apartment complexes geared towards students.

Implementing a new lease that includes late fees and consequences for multiple times being late for rent immediately.

I don't see anyway I could have time to manage a flip, much less multiples.