We plan to live in it for a couple of years, fix it up, and then rent it out or flip it. 

As Jaron stated you will need to plan for the unexpected, such as vacancies and repairs.

.: Where would you recommend someone finding a professional to help craft a personalized physical/ work out health plan for better health?

- Should I source a consultant or some sort of assistance to devise a business plan?

Are you planning to invest locally in Rhode Island, or are you open to investing out-of-state?

Can't wait to see you grow.Are you planning to invest locally in New York, or are you open to invest out-of-state?  

I plan to self manage, but it's good knowing a middle tier management option between self managed and full property management - without a huge PITA factor :)

I suppose we could leave it as-is for the time being and not raise their rent by the $200 we had planned to until we could afford to repair it.

Thank you,StephanieHi Stephanie,I would highly suggest starting with a call to the Planning Department and let them outline what is feasible for the specific property and what steps you'd need to take to get it where you want to go.

Multifamily investing can be a lucrative venture but requires careful planning and understanding of the real estate market.