I am planning to buy out of state multifamily building/complex of around 2-4 units with in next few months.  My investment experience to date has been SFH overseas and our current home.  I'm planning to go out of Stat...

A small gift is always awesome from a client. 

If you're happy with the idea that you might lose half a mil at once, you can put two small rental properties in the same LLC.

Do you think it's better to form a relationship with a small bank vs a nationally known bank?

Lender - has to be licenced to lend in the state where the property is located in - You will likely get better customer service/lower fees if you go to a small lender in the area where the property is located in.Attorney - Each state/cities' law's are different.

heynot sure if this is the correct sub-forum but i'l give it a go. planning on buying a property, long term rental, all cash. now, say i have around 500$ coming in to my account every month (this is in theory, after all expenses are paid and taking into account vacancy, small repairs, capex etc'). current plan is buy a property every once a while (at least every 2 years, could be less once mortgages will be an option for me, non us citizen starting to invest here. talking about properties in the range of 60-80k). letting the money sit in the account until i buy my next property does not seem optimal to me, but on the other hand investing it in the stock market or something like that does not sound good either because i will need that money in a short period. perhaps i'm overthinking it but i'm trying to see i'm leaving any money on the floor so to speak :)what do people around here do? 

Small multi-family properties in LA area are around $850k-$1.3mm in an area where I would feel safe to sleep at night and in a condition that would get FHA approved Scenario 2: we purchase a rental property in Fresno or out of state, with 25% down and aim for $100/month per unit cash flow.

It's a small price to pay to see my wife and kids happy.

Going up through walls is easy, often just 2 small holes in the wall, one to drill the plate and and one for the cat, the cross piece between studs usually halfway up a wall. fishing in the direction of the joists is easy, going across them can be done with small holes spanning the joist, notching it for the cable, and then put a steel plate over it.Given that your problem unit is ground floor, it's likely you can fish up from the basement very easily for outlets using "old work" steel boxes, plastic boxes don't work with plaster on lath, it's too thick.

To give a little background, my aim is to focus mainly on BRRRR investing using what I've heard in the podcasts referred to as the "Stack" method: starting with SFH and working my way to small MFH and eventually Commercial MFH.