Each region has their own rules. 

Location: Pinedale,WyomingProperty: One lot with an 8 plex, one bed one bath units, currently renting for $500 one lot with two plex's two bed two bath units, currently renting for $ 850Property also comes with five lots zoned commercial, The county said they would rezone them multi family if we wanted.Owner: bank owned small regional bank with two locationsAsking Price:  $690,000.00The tenants pay there own utilities, the bank has owned the property for two years and has tried to manage the property themselves they have had an average vacancy rate of 50% I talked to two different property managers in the area they said they could have it rented at 10% vacancy at least that is their track record for that area.The pros of the property and the deal in my view:Great location located close to the oil fields yet has an excellent view of the new fork river.Bank owned so I think I could get a great purchase price working with a small regional bank.The possibility of leasing directly with the oil companies for multiple years.The Cons the best that I can tell:Gas prices and oil prices are down an the biggest driver of the economy is gas and oil some risk involved because of the economy.Property has a bad reputation of being the ghetto of pinedale Property needs some work my estimate is around $50 thousand mostly on a retaining wall on the back side of the property.Rent on the units is down from two years ago when the one bedrooms were renting for $1000.00 and the two bedrooms for $1500.00.More general information:I have around five years experiance part time in real estate investing, I have 20 plus years of experience in building, I have flipped four houses, I own two investment properties single family residents that I am currently renting out, I am ready I believe to make the jump into multi family housing, I would like to get any help or advise that members of bigger pockets may have so that I do not miss anything that may cost me a large amount of money.The cost i have taken into considerations when figuring out the cap rate are as fallowsVacancy 15%Management 12%Maintenance 10%Repair 5%Insurance $420 a monthTaxes $420 a monthI am relatively new to bigger pockets and real estate investing so any ideas and or recommendation would be appreciated.Ken Fricke

Advice from investors in the west region of Canada would be greatly appreciated. 

Located approximately 1 hour West-Southwest of Toronto.

Find a local investment realtor and see if they will hook you up with an Real Estate Association approved copy for your region.

Water varies a lot regionally,  You may want to call the water company if you have questions.

I'm particularly interested in interacting with, learning from, supporting Buy/Hold investors in the National Capitol Region, and particularly, Baltimore City and Baltimore County!  

Don't get me wrong I like to read and I have listen to all the podcast love to learn I just like to learn by doing as well.Because the cap rates in my area are fairly low on multifamily units I stared to look outside my state namely Wyoming an oil town i do have some connections up there my cousin a contractor turned oil worker lives and works in the same town, we found a 16 unit property that consist of one 8 plex one bedroom and two four plex's two bedrooms.A small regional bank owns the property and has tried to manage it the best it could over the last two years.  

You can go to the consumer side of a small, regional bank in your area and possibly get a HELOC or fixed rate term loan on both properties you have at 80% ltv with little closing costs.  

Is this just the case in Cincinnati or is this regional/national?