Somebody that knows the multi-family game, and knows that local market. 

Dear BP Colleagues,I am a new investor, looking to venture for the first time in multi-family - what are the things to look out when you are new to the game and starting out. (1). since I am looking for rentals - would I get access to lease agreements of existing occupants as a buyer?

I can think of a few other ways to make use of the land, perhaps, to collect revenue, but for now, from an investing standpoint, how would you guys approach this deal assuming its a good one ( low monthly payments, no or very low interest).Is it uncommon to have contigencies in play in case I can't make use of the land or sale it to someone else within a timeframe so I'm not stuck with a bad investment?

Also have you considered partnering with someone who is already experienced and has skin in the game?

(and some coins too ;)  When the current lease ends in a few months, I'll update the kitchen & bath, refinance and then move on to the next one.I love analyzing deals and playing with numbers so I'm open & intrigued to learn about all the facets of REI. 

I pieced together a deal analysis spreadsheet and did my best to estimate the repair and maintenance items that would likely come into play over time, but I'm writing to find out practically speaking how people manage those funds.

Example if the kids are playing in the backyard you would not be able to see them from inside the house (unless u were in the 3rd bedroom) 3) ARV price, not so concerned with this because people will pay top dollar for a turn key product.

Hi @Danielle Matalonis...welcome to BP & the investing game! 

I am playing the cards that are dealt. 

Also, excel gives us IRR, xIRR, MIRR, xMIRR, so convenience definitely plays a role.