@Jed Butikofer You need to find a market that has decent cash flow (think $200/unit/month) and become an EXPERT on that location.

You could wait to close until you have your license and rather rental arbitrage the unit from seller until then.

The Justice Department, backed by 10 states, claims these landlords—who manage over 1.3 million rental units across 43 states and D.C.

I don't rent furnished and others may be able to point out where this is flawed, but I would consider renting the furniture SEPARATE of the unit because that may allow you to collect a deposit on the furniture.

Hasabout 180 units, with ground for another 40.

If you have the extra cash you can buy more units or be able to handle expenses that crop up more easily.

I'm not trying to insult you, but the terms "36-Unit Multi-Family" and "First Time Investor" should not go together.

I currently own a 4-unit in Allentown which has done quite well for me and looking to expand my portfolio throughout LVH.

Ask how many units they manage and how much experience they have.

Ask them how many customers they have and how many own a single property vs. many units.