If I was going to purchase a multi-family, it was looking like I would have to fork over at least $150 to get a place in good shape.But you're in a really good position it sounds, lots of good research which is by far the most important thing in this industry; having a really solid plan.

One way to learn by doing without having as much “risk” is to link up with a local investor or someone in the real estate industry and offer to help them out for free.

It is the state's capital and there is a lot of major industry there. 

Mark may be in a fine situation, but if that accountant isn't specializing in real estate or primarily dealing with real estate clients, there's logically no way that accountant can stay abreast of all the consistently changing tax information.I've turned several potential business clients down simply because their businesses weren't in the real estate industry and I knew there was another CPA out there that was specializing in those particular businesses that could help them better than I. 

Once we get comfortable with our first unit, our goals are to look for additional multi-family homes in West Michigan and Northern Indiana (ideally within 3 hours drive of our place of residence).I'm a transplant from Oklahoma and work in the golf industry as a tournament director for a major championship.

@Jack Martin The thing is I'm biased because of the industry I work in (IT).

So I want to understand this industry better so I can minimize costs and increase investments opportunities.Thanks for replying to my post Odie, I appreciate it!

What industry does not have “gurus” pitching classes for the clueless! 

College has its place for learning and can provide a lot of benefits including a degree, which many industries require.

If you reach out to others there, you’ll learn more, network, find local deals, and possibly a mentor or even a job in the industry.