You are essentially linking yourself to another person and accepting all the benefits and problems that will be associated with that person.

You don’t have to do everything but having the hands on experience has been very helpful for us.First hand experience dealing with tenants and all the associated problems that arise accelerates your learning.

It does not include vacant rates, but it foes clearly show the variation in demand by day of the week and the prices associated with that variation.

However, DWI's  and DUI's specifically are VERY expensive and I've seen more than a few cases where the tenant ends up in financial trouble after paying out all the fees associated with these offenses.So for the sake of screening tenants, the age of the DWI/DUI records is critical.

Looking for best source to locate small multifamily propertys and their associated owners - (looking for 2-8 unit properties).

With a common value-add investment, you're first going to buy the deal right, and then utilize your business plan to raise the NOI (increase the property's value), and ideally re-finance or sell the asset all together.With that being said, compare the cap rate your calculating to the cap rates associated in your submarket for this particular asset class.  

Can't find any REI Association meeting near me to attend, even 3hours away in another cities.

I recommend that you join the Georgia Real Estate Investors Association for networking and education.

You can contact the local jurisdictions building, fire prevention, planning departments, etc . for public records requests and ask them if there is any outstanding violations or fines associated with the property in question.

Best of luck.Disclaimer: The views and opinions expressed in this article are those of the author and do notnecessarily reflect the official policy or position of any other people, institutions, organizations, or companies that the author may or may not be associated with in professional or personal capacity unless explicitly stated.