Potential upsides and downsides?

You need to make sure you understand multi-family properties and how they differ from single-family, so that you can evaluate a potential investment.

Hello Everyone - Thank you for taking the time in advance to assist me with your input and perspective on a potential buy.

Generally, higher cash flow means more potential work and more monitoring of the property, two things you'll do much better if you invest near you. 

I'm in the process of researching the Lafayette, Indiana market for potential rental property investments.

Even longer answer: talk to an experienced accountant about potentially treating your lending as a business and structuring it along the lines of what you suggested.

appreciate all the advice and I'll be following up with some of you to pick your brains as we get more involved in the due diligence and underwriting of potential deals.One thing I should have mentioned is we have a couple of relationships with a few private investors (family, friends, etc.) who have expressed interest in providing the capital if we find a deal that pencils.Thanks for all the feedback so far everyone.

I listend to BP podcast every night.. you guys are great, thank you.If you're evaluating a potential deal, I'd be happy to analyze it using my model.

I'm not cancelling out any other responses here with the one I am presenting, i am just adding a potential.

I got into this niche due to the low entry cost and the potential for great returns in a short period of time.