Very simply, multifamily spreads out your risk if a tenant moves out generates more income with more units and disproportionate amount of increase in expenses as there are more tenants to deal with.

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

@James Brunetto, jr I don’t have any specific sites but I do a lot of Google searches on potential areas to get a feel for the vibe.

If you're interested in joining the tour and learning more about potential investment opportunities in Tulum, feel free to reach out.

Over time it will create a more dynamic market. 

Water submetering is more difficult with smaller properties; especially older ones. 

If you're set on out-of-state investing, you might need to work with a realtor who can act quickly on your behalf, be prepared to make offers sight-unseen (after thorough virtual vetting), have your financing lined up in advance.For your first investment, there's a lot to be said for keeping things simple.

Building : 1878 /2008 Renovated.Price : $600000 Asking Total Tenants: 15    & Monthly Rent : $21173Deal Analysis Value Over Time Can you please let me know what else is missing in this to get more accurate deal analysis.

Currently, I don't have any second mortgages or helocs because the idea of keeping track of more than one mortgage per property has been a tad daunting and decreasing my cash flow at the moment is something I'm battling mentally with.

@William Pichardo I read and like this real estate quote, "Every BRRRR should be a good flip, and every flip should be good BRRRR."