Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

First problem is im having a hard to time finding comparables.

I like to compare the numbers to the numbers I'm seeing in Illinois.Let us know how things go, good or bad.I thought about doing out of state investing but doing it as my first investment is intimidating. 

to send orgininal docs to a lawyer not a party of the contract I would never do.. no problem sending copies of course.. so they can review red line and send back with their instructions but this is how fraud happens.I had lunch last week with Pat Stone and he said the east coast has far more claims than the west coast because of the smaller mom pop attorney relationships compared to someone walking into your multi jurisdictional or location for real title escrow company..  

Looking on paper, and compared to Austin, there are some what appears to be screaming deals on multi-family and even  SFH in the Killeen area.  

This will be my first multi-family and I know they are a totally different beast compared to SFH.

Also, for C- areas you should be getting 1.5%+. 1% does not build in enough reward for the risk and hassles you'll encounter with tenants and property maintenance (they're mainly all older homes with varying degrees of deferred maintenance).

When comparing hard money lenders you're going to see a wide range of offers. 

With so many of us, I'm down to compare notes.

@Michelle Dunlap How does the re-fi compare to a HELOC?...