Consider hiring a property manager if you don’t have the time or experience to handle this.Maintenance and Repairs: With multiple units, maintenance requests may come in more frequently.

Just More closing costs? 

If you can recoup your upgrade costs within a year, go for it. 

Due diligence, underwriting, finance, management, turning units?

Realize at the outset that real estate will involve all different types to service, maintain, repair, improve, insure, manage and eventually sell.  

Presumably as manager of the LLC that is trustee of the land trust.

@Allen Duan is a well-known MTR expert and property manager among those of us who are MTR operators.

By negotiating 20-35% discounts, we managed to achieve cap rates between 9% and 14%.I've also started managing properties for three of these clients, listing their rentals and ensuring everything runs smoothly.

We were also looking at a TON of houses in the area so we knew this house was under what it should have costed.

When I called the owner and told him who I was, he said he was actually thinking about calling me to see if I would be interested in managing the property for him.