However, it is important to familiarize yourself with the legal eviction process in your area and follow all required steps to ensure a smooth eviction process.

If you have a lot of assets, W-2 and are flipping in a different state you definitely need to speak to a qualified estate planning attorney, cpa and an attorney that deals with entities and which entity to form.

I definitely hear you on the 1 year renewals.

There should definitely be options for you using DSCR which many lenders will count your STR income either based on projection or your rent roll.Also, check local banks instead of brokers.  

@Kristofer Schroeder, I definitely have some questions for you, just sent you a private message.

Hi all, is it legal to sent out no renewal of lease for a tenant that I had for 4 years.

That's definitely the highest I've ever heard of, but not very often obtained...Sorry to be a downer. 

As such, there is a great deal of competition when a duplex or fourplex comes to market.Although SFR is getting bid up as well, with less favorable rent/price ratios than just six months ago, there is definitely more opportunity for off-market deals.

If anyone here has recommendations or can point me in the right direction to find legal counsel experienced in navigating subject-to-deals, I would greatly appreciate it.Additionally, I'm actively seeking opportunities in the multifamily real estate market.

I liked Nathan's reply because it is totally possible to buy rentals with little to no money down, but you should definitely have some sort of cash on hand for general operations and unforeseen events.