Lake County was very landlord friendly comparatively in all aspects!!

Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

It’s very interesting  I think just from a storage aspect. 

To briefly explain each:Operating Agreement: This identifies the company, states its ownership (equity ownership %'s and initial investments), defines member duties and lays out other structural features of the business.

Which is fine, bit the landlord needs to define exactly which market he’s after.  

I wish I had more knowledge in the construction side of things, i'm a little scared of figuring out the rehab aspect of the BRRRR strategy.

Maybe, maybe not....I would strongly consider your life situation, and not just the financial aspect of it.

Don’t assume everyone is defining these terms in the same way and educate yourself a bit to better protect your investment(s).#5A single number that you hard enter and then forget to change… can drastically impact multifamily returns.

You need to start somewhere and see how you like each aspect of the business.

You can find a company in an area that you want to invest in that will be fully integrated from top to bottom and be able to help you with all aspects of the purchase and management of the property.