Having your spouse on-board is critical.

Fully understanding that building a good relationship with a resourceful CRE broker is critical, I am trying to come up with different strategies and would like to hear inputs (i.e., pros and cons of doing so) from your experienced MF investors. 

I imagine the seller doesn't want the buyer talking to much to the tenant -- but the tenant is critical to deal value. 

We all should know that no matter what numbers you choose to use you should analyze your deals factoring in money for repairs and maintenance along with capital projects. When you only have a house or two it makes goo...

For example, is the roof functioning as intended, or is it just old. 

And the first 2 weeks on the MLS are most critical.

Monthly cash flow is insignificant, return on equity for a cash flow investor is critical.

Nearly 100% of the prospects who approach my firm and DIYed their returns in the prior year are either preparing their returns in a materially incorrect manner or leaving advantageous strategy on the table.DIY software doesn't turn you into a tax professional any more than reading Web MD turns me into a medical professional.That said, if you are just starting out, you can probably get by self-preparing your return until you've reached critical mass and can absorb a rock star tax professional into your budget. 

If a new kitchen floor or a bathroom tile job will hold up to the current tenants and it is a functional improvement I would do it, otherwise no.

I love the possibility of using bonus depreciation to potentially offset my purchase prices so I want to maximize this before it's gone:)Thank you for reading & appreciate any feedback, suggestions or criticism,Dan Wentworth