But a new market is a new world and you need to mitigate risk by pulsing experts, agents, investors, business owners, renters in an area to vet your analysis as much as possible, and use online resources to check crime rates, school system strength, foreclosure  frequency etc.  

@Ali Al-Mashat I'm not an expert but if I were you, I would get on the plane and go see those properties myself.  

We assumed that forming an LLC would be the first step, but thought it wise to confirm with you experts.

It comes down to the comfort level of the investor and what you understand.There are some financial planners who say diversify into a bunch of things you are not an expert in.

I am no expert by any means!

I have a plan for investing and I have done much reading on LLC and taxes but I feel a good expert will be worth its weight in gold if they can help me get set up the right way in the beginning. 

Selling that note has so many issues to be safely marketed even experts need to do alot of work to scrub all steps etc.  

I'm no expert in it by any means but the challenge I see is it currentlly is not cost-effective.

Many industry experts agree that because of this nationwide shift, right now represents one of the best times in history to invest in Multi Family Real Estate.How to Find Deals/MarketingGreat deals will be found by: Working closely with Realtors, online ads and marketing through Social Media, Driving for Dollars, and targeted Direct Mail.

Sales, prospecting, marketing.... but almost nothing on how become an expert in your area of interest.