I'm hoping to partner with an expert to buy, flip and rent my first multifamily property.     

Still no rent. 

@Jay GeorgeAre you able to raise the rents? 

You'll get high quality tenants who can pay their own rent and they pay on time.

Our family has used Rent Manager for PM for 20+ years.

The price to rent ratio makes for great investments.

Speaking for myself I’m just planning to have to live there for more than 1 year and make sure there is room to raise rents, for example spending a few thousand to bring a washer dryer connection to the complex if it doesn’t have one could be a great cash on cash return if you can raise rents maybe $50/unit on the next turn. 

My family bought SFRs in early 80's w mortgage rates >18%, but high inflation drove rents higher than debt expenses so they all cash flowedalso look at USFR, paying 5.37%, holds 8 week Tbill floating rate notes only, not as good obviously as buying Tbill directly at the top of the curve (i bought a 26weeker in late Sept at 5.6%) but much easier to transact, i suspect 10yr will fall over next 2 yrs (FED cycle) then slowly rise over next 30-35yrs (long us debt-deleveraging cycle)

Get one of the units turned and rented out quickly as possible.9.

lots of folks have summer places there and also rent them out short term.