Anyways, one thing that I have read about on multiple sites is the importance of a mentor and/or some sort of investors' club.

It depends on the number of units involved.For larger multifamily properties you start with a letter of intent which will lead to negotiations over due diligence which will eventually lead to either a purchase agreement and/or binding escrow instructions.

We were rehabbing an old home & found that the old narrow metal electrical boxes used in the '70's were shorting out newer/larger switches/outlets.

What I have seen work successfully in the past is to specify specific breeds which are NOT allowed, like Pitbulls, Rottweilers etc as they scare the other tenants and have an outrageously larger chance of biting or causing trouble.

.$50,374 50,000..............................236,826...........................191,031 75,000..............................400,000...........................331,688 100,000............................563,935...........................472,344 125,000............................727,489...........................613,001 150,000............................891,043...........................753,658edit: sorry for all the .......... but it's the only way I could make some sort of table for this post.

In addition to those experiences, I have also worked for a large real estate firm in Indianapolis that managed a portfolio of over 2,000 properties.

I sort of lost touch with the site with personal life being so busy but finally getting back into the investing mind set.

I sort of figured that he had to do what ever he had to do if he got in over his head.

Larger properties bring you economies of scale, more stable cash flow, but, typically, less appreciation than a residential (1-4 unit) property (because they are run like a business) ... though in TO, with its condominium addiction, there is plenty of speculation on larger properties as well.

Would the guy you mentioned previously be good for a larger-scale job?