This 4plex is in a class C or D neighborhood (not exactly sure which) but my realtor and I saw the potential in it due to the cash flow/COC numbers we calculated and the fact it had a ton of work done to it in 2017 to get it to decent shape (all new electrical, furnaces, HWHs, renovated apartments, new roof, all doors and windows, etc.) 

Obviously the homes I am looking at will be in potentially run down/less than desireable areas... the key for me is to not be in the "go in that area and you get killed for being there" areas. 

Definitely something LP's should strongly consider when vetting out a potential GP. 

I had always wanted to work in real estate and saw the potential in this deal.

Work with a real estate agent Make sure to thoroughly check out potential properties by conducting inspections, condition assessments, financial analysis, and reviewing zoning regulations.

We have usually have between 80 and 100 people at our monthly meetings which typically fature an industry speaker, legal updates and networking - we have not had MTR as a specific topic yet and maybe we should!

I had always wanted to work in real estate and saw the potential in this deal.

While the property has demonstrated tremendous potential for us to this point; acquiring it came with many hurdles.

I was looking for a single family residence for me to potentially start a family in one day.

No surprise, but most lenders won’t touch a DIL.On the other hand, some lenders also flip houses or hold properties, so if the home is in good shape with equity or the potential to drive equity, they could be interested in owning it.