I'm started on that track and working towards my first deal.

Spend down your reserves for a bit if rent is lost/delayed, and stay on track with your mortgage sched - keep knocking down that principle?

If you ever decide to look into syndication again, look for folks with a track record who have delivered quarterly returns on a consistent basis through several deals.  

Best of luck to you and I hope that AirBnb gets back on track sooner than later.

You are on the right track in your Real Estate journey and your ACTION point as a potential real estate investor is here.

@Anthony WienkeWell Covid is still here but I am back on track.

Sounds like you're on the right track but once you have a decent idea of what you wanna do and are educated on it I say jump right in.

You should bid what your analysis suggests is a great price for the property, keeping in mind that many of the multifamily properties in the Greater Philly area are converted older homes rather than purpose built multis, so often the utilities are co-mingled among units (water, heat, electric, gas etc), meaning you either would want to convert/separate them so tenants can pay their own, or ratio bill (which adds mores item to track and manage)

Also ask if they use a project management software to track allowances, budget, schedule, posting pictures and videos etc.

Lastly, people mention that hard money lenders only finance people with a track record.