Two properties already have tenants and the other has a strong short-term rental history with property management already in place.

There are far too many hungry loan officers (No offense) trying to make it in the business who are never closed on a commercial loan of even A DSCR loan.The problem with that is it will cost you lost money and most importantly lost time!

My lender just informed me that my seller concessions exceed the relevant closing costs (including points buydown) and that the money left over will be a “wash”.

Once that is done really understanding revenue management.

We're closing in a couple weeks on a 5-room motel in the Tahoe area that also has a 4 bed / 2.5 bath / 3000 sqft SFR "manager's unit" that will be our primary residence. 

If you want to manage property for other people you need your real estate license.2.

Grand Rapids is definitely a good market for multifamily investment as it has also seen rent growth unlike other parts of the country for multifamily.It is also a more affordable place to invest compared to other parts of the country and Grand Rapids is generally landlord friendly.A quality property manager is essential for an out-of-State investor and there are some good ones locally.To Your Success!

And I believe in "aces in their places", so if you're going to own and operate a Self Storage Facility, I highly recommend an exclusive Self Storage Management software.Good luck to you!

These are our first rentals, and we are self-managing.

While I was out there the business in Phoenix continued so I was able to manage AZ while being in SC and learning your market.