A good agent will very likely get you a better deal with better terms and more oversight than you can get yourself especially as a 1st time investor, I will often see things about a property either in the property itself or the listing that would easily get missed by a 1st time buyer, eventually the more deals you do the less you may need an agent, but your 1st few it’s important imo.

On my phone I have ZillowMortgage app that I can quickly run loan scenarios and see the associated amortization table.  

That's awesome, a 24-unit could be a game changer for passive income.I can send you a due diligence checklist our team put together for multifamily and that might be really helpful for you (if anyone else is interested, I am happy to share with anyone who would like to see it).Here are good documents to gather / steps to complete during the due diligence process:- Appraisals- As-built construction documents (see what the build quality is and set up for electrical, HVAC, etc)- Easements- Encumbrances- Environmental reports and related correspondence- Government notices- Leases (with rent roll to verify)- Photographs - insist on looking at EVERY unit, otherwise you'll only see the ones the seller wants you to see- Previous site plans- Property surveys- Recent tax bills (can call the county to ask for an estimate on tax bills after sale)- Soil reports- Title reports, commitments, and policies- Zoning documents- Any other legal documents of significance that the seller has

Hey @Nick Wehrley - if they're all solo I don't see the need for an operating agreement, unless you somehow plan on having another LLC become a member of the other LLCS. 

Learn some lessons, see the cash flow come in, and then look to scale from there.

I’ve heard mixed responses from different people either pro long term renting a single family home or others that don’t see the value in it (if someone could afford the rent then they could afford to purchase the home)What are your thoughts?

I don't see the ability to make a profit in this market. 

This conundrum isn't just in real estate, I see the same conflicting information in health, politics, and other areas of finance. 

When I had PMs I never had them listed as beneficiaries and I don't see the logic in doing this.

Generally speaking, the areas with the highest taxes aka the northwest side of the city also typically see the highest appreciation, which can help to offset some of the taxes.