Be intimately familiar with it or find someone that is. 6.Buy umbrella insurance to CYA. 7.If you do not hire a Realtor and are not familiar with contracts, hire a lawyer to look over.8.Make sure your credit score is good and you have liquid assets for more than you think you need. 9.Talk to an investor friendly lender to get familiar with the types of products. 

Now you are shelling out cash to lawyers.  

Hi,I am currently exploring the potential purchase of a 12-unit apartment complex located in St.

Market research, local expertise, networking, property management, financial planning, potential legal and tax ramifications, risk management, and long-term vision are important factors to take into account.

The properties now have the potential to go up for a tax sale by next month. 

Going into a potential deal, I look at the track record of appreciation (sales comps) in the immediate area, not the general area, and based solely on properties that are within 10% higher/lower in sq ftg than the property I'm looking at.I have a goal of a specific number ()in dollars, NOT percentages) that I need to achieve in appreciation. 

While much attention is given to the Federal Funds rate, the real concern lies in the potential scarcity of capital in debt markets.

Potentially more neighbors?  

My partners and I have a property that would cash flow right when we buy it and of course there is potential to possibly almost double monthly rents.

The vetting of a contractor and having a 203k consultant involved is a small price to pay for getting 110% ARV LTV potential for someone with little experience.