First off, hats off to Brandon and Josh for creating this amazing resource.I've always been interested in real estate but never committed to learning and setting my goals until this year.I'm currently located in the Boston area, and am looking into properties that are in towns an hour or two away as my target geography.My short term goal in the next year or so is to acquire a multifamily property in a region with low vacancy.

If you know you may have increased holding costs, and at the end of the day you know you will have to discount the property just to sell it, you will have to be very careful with the price in which you pay to acquire the property.

If your cash outflow is still less than what it would have been had you not acquired the property and you rented someplace to live, then it probably wasn't a bad deal given that you would be building equity over time anyways.

I have started a PM company in Baltimore MD and I am acquiring units quickly.

I own the house I live in, but my wife still makes me pay the rent :) So I am now looking to acquire some houses or preferably smaller apartment buildings where tenants are paying me.

While local investors and larger equity players compete to acquire aspects in their respective spheres, debt capital has also become more abundant and competitive.

I initially started with a belief that we could form a REIT but after a few Google searches it seemed like the regulations to acquire this structure did not seem attainable.

As we get closer to to acquiring our first property, we were wondering at what point should we attempt to look for a PM? 

As you acquire more debt, in this case real estate being good debt, versus credit card debt (revolving), which is bad debt, you just need to be open and honest in the interviews and there won't be any issues. 

You can definitely acquire the property and get help as you need it