It's critical to avoid a situation where you purchase a second property, put significant money down, and then have to pay for a new furnace, roof, etc. at the first property.

Capitalization Rate (Cap Rate):The Capitalization Rate, often referred to as Cap Rate, is a critical metric used to assess the potential return on investment for a multi-family apartment.

Of course the analysis is critical...but there's an app for that...So for me 'old fashioned' contact methods ie: obtaining pre-foreclosure lists and direct mailings or just driving around and looking for distressed properties hopefully still gets one head of their competition to secure their deals. 

Demographics come into play, and jobs are critical, as I want a diversity of employers so the tenants can pay their rents. 

My 2 cents, put yourself in a buyer`s shoes from the moment they pull up to each time they enter a room (be critical with yourself in those areas) and you might find some feedback first hand

@Tyler LabelleI'm glad this seems to be working out in your favor but I have a major criticism of the way you are communicating with the tenant.First off: dear lord, you give your tenant your cell phone number and text with them?

Insurance Company: Again, another critical team member.

Critical to that philosophy is the fact that I believe that over the course of 20, 30, or 40 years, prices in Denver will appreciate more than those in other cities around the nation and that I will continue to love living here. 

Aloha,With Condo/HOA properties, it is critical to thoroughly understand the Association financial conditions and the rules that apply to all Owners within a specific project.

The critical flaw in your plan is that they dont have many multifamily properties in the Atlanta metro area.