Ive heard many different ways but I was wondering for my scenario how should I own/operate before its too late.

(Night and day difference over our first 203(k) experience with a dialed in contractor. 

As for markets you need to do some recon and gather Intel on different markets.

So give it to me straight: if you could do your first Multi-family deal over again, what would you do differently?

But cash out is different 

However, if you have boots on the ground then that's a different story.

*Disclaimer, each state has different laws, so check those for the state you are investing in.Many investors run from mobile home parks with too many park-owned homes. 

If I knew then what I am learning now, I might be in a whole different situation at this point in my life.What books or tools have been successful to get the 'penny to drop' for your teenagers and which ones fell on deaf ears?

You will need a cost segregation study done by an expert, who will break out all of the components of the building into different buckets of useful life.

There are a number of different ways to tackle this...