Let me know if you have any questions about targeting multi-family in our metro area. 

If you don't already have a connection with a realtor in the investment field who can help run those real numbers for you - it might be best to find that connection and take a look at that BEFORE you start your rehab to determine what grade of renovations you need to do in order to hit your target ARV for the property and if it makes sense to flip or hold based on that ROI you'll receive in the end.Best of luck!!

You want to try to target 30 year fixed loans. 

Here’s why:1) Risk Reduction - for a typically small cost in terms of time and money you can gain a ton of context about an area and the surrounding areas that will help you to reduce the risk of getting into a poor investment2) Relationships - you can leverage your time there to meet with local market participants like property managers, brokers, other investors, contractors, potential tenants etc.3) Business expenses - you should be able to deduct the cost of the trip as a business expense4) Context / Perspective - you simply get better context and perspective by being there is personI don’t mean to say that you can’t do OK by investing remotely but I am 100% certain that you will get outsized benefits from visiting your assets periodically and definitely initially.When I invest in multifamily deals I always visit the area, the comps and the asset itself, this takes time but because we buy 100’s of units at a time it is an efficient use of time.I’d also be wary of anyone who isn’t personally invested in a deal alongside you telling you that you don’t need to visit, particularly if they get compensated by you making a transaction.Investing out of state allows us to find the best returns but don’t be mistaken into thinking that you shouldn’t plan on spending time in your target market.

I doubt either flip would be a great investment deal since they are targeted more towards retail buyers, but there have been some lessons learned on each for sure in regards to contractors, county inspectors, time lines, scopes of work, etc etc.

And certainly if you are targetting specific neighborhoods and areas I would still encourage you to examine the cost difference in purchasing a primary home vs. using hard money with holding costs and refinance costs. 

It depends on the density target and other factors that the zoning officials evaluate.

This is especially true for competitive markets.I recommend that you connect with a local Realtor who can show you actual numbers in your target market. 

@Brie Schmidt  As of right now, we are fairly open, but our target areas would be Avondale/Irving Park/Pilsen/Bridgeport/Bronzeville, ideally. 

If you’re in Arizona let me know so I can follow you on social media and let’s connect and make some money!!!!!!!