Combine that with an overall lack of inventory in a lot of areas, and then natural occurrence is an increase in overall asking prices that will change your 'all in' % accordingly. 

Looking into investing in a multifamily.It'll be my first investment as well. looking for a Realtor/Experienced investor to walk me through my first one.I thought about following areas but open to see more:Racine-Kenosha WI, Cincinnati-Dayton OH, Texas but not super competitive areas.Also, I would definitely appreciate any advice I can get from investors that walked that road already.Thanks ahead,Jesse.

This minimizes the disruption to the tenant while encouraging competition among the home buyers.For every group showing successfully completed, we gifted the tenant with a $25 Longhorn's Steakhouse (or Red Lobster) gift certificate.

Man, it has been competitive. 

How ever did you get such good numbers in what is the most competitive sellers market in our lifetimes?

Honestly, that's probably your best bet in this current competitive market.  

Basement units often lack egress windows in bedrooms, which are needed for fire escape.

6) What specialized skills do I lack that could cause me to fail, and how will I overcome the lack of said skills?

Typically these tend to be highly competitive, especially in good markets.

So get with a good RE Agent who knows their way around the market and making competitive offers.