On a smaller scale, just call a local broker (better: call all top players, hopefully there are 3-5) and tell them you have 7 properties that you want to place in their rental program, and want details on how their rental management operation works.

This will be something a 20-year old appraiser with a programming background might solve someday, and when they do, might just open up a massive market for services that was not previously around (can't tell you how many times I wished I could program) .

@Austin Hendrickson no plans of being in Minnesota anytime soon mostly due to our offseason program starting but would love to connect over the phone sometime soon!

I don't follow how the tax treatment is different when you have vacancy.I guess if I only owned one rental property and it sat vacant 365 days a year, then yes that would appear more like a hobby.

I also qualified for a down payment assistance program.

You appeared to quote NY State law at the end of your post, but never quoted your own lease!

After running the figures it appears the whole $700k purchase of all 5 duplexes would cashflow $23K a year.

I'm a new Real Estate Investor who is looking for a good excel program to keep track of all my business expenses.

New homes are much more attractive because the financing is better for buyers (and yourself if you dont have the option - the CASH program from Clayton is an effective way of doing this).

There are also a number of mentoring programs that can teach you how to get into multi-family.