As well as there are a few small changes I want to make in my first property.Luckily I have a "day job" where I should be able to save up for down payments if something were to pop up on the market before I had planned on being ready.Hopefully I will have more to contribute to the site in the future as of now I'm mainly a "taker" of information :)

Yeah, after the inspection reports came in from the house inspection as well as the municipal inspection we decided to put all our efforts on the main concerns.

Also the loans are different in you are buying multifamily with 5 + units or say triple net leasing which uses mainly CTL lenders.Regular banks in some cases are giving out just short term loans as they want to relend the money when inflation kicks in at higher rates.Lenders who specialize and fund a specific assets class you can usually get longer terms and better rates than your local bank.

There are a lot of great discussions and blog posts here on BP about those two options, so use the search feature to start finding some reading / learning material.As far as bank financing goes I always tell people to make sure you do not have the option as well.

Originally posted by Nicolas Dumm:That was my thought i just wanted to have someone else with more experience chime in, I'm wondering if these lovely state employees avoid the poorer areas of the towns, or might be the landlords just don't care or have the moneyin Chicago this question usually means "is heat included.... in the rent", typical for condo business when the whole building is on 1 or 2 boilers powered by main gas line ...gas/water/heat included in rent (included in HOA as well). if not ...many stay away from those units ...

Attorney said it would mainly protect from Debt or general liability, not much from any issues which the buyer would sue after closing such as non-disclosure or home defects.

Just found this super neat feature on the BP forums, something called "search"?

My main goal here is to pick up a decent NYC apartment, rent it out, have an ROI around 10% and hold the property 20-30yrs.

The APPEND feature is extremely helpful.

Ironically, it is the main thing I look at in my search for property in Gwinnett County (i.e. good schools).