I live in the Boston area, have 2 multi's & have a full time job ( self-employed) .So , Boston to Rhode Island , would be my travel (2 1/4 hours) .....don't mind periodically traveling to keep checking the property, in fact I prefer to do that.

You’ll definitely want an agent that has experience and track record with multi family.

I pulled the list from the tax records the other day and there are approx. 18,000 2-4BR properties in DC. 

@Farzan SetayeshNothing out of the ordinary, but I use the combination of the following consistently:- google photo for agent photo/video sharing- docusign for executing docs- acrobat X for all other doc edits- whatsapp for texts and phone calls- online money wiring or ACH for large items- paypal or venmo for smaller items- zelle or ACH for collecting rent- yelp or taskrabbit for misc repairs- lawnlove for landscaping or snow removal - skype for group meetings- Dropbox for online record storage- google voice for call forwarding - email for all tenant communications - autodraft for all utility & mortgage payments- online payments for all taxes & insurance - google earth to survey neighborhoods for out of town purchases - amazon or HD for online parts ordering The automation & streamlining of low value tasks enable me to preserve time for higher value activities.

@Micaiah Cormier Nothing wrong with owner financing :) You would just need to use a title company and make sure everything is properly recorded like a real mortgage so you have protection.

I am stuck in the no real track record phase in terms of getting investors lined up for when a deal presents itself. 

It's great to be able to visit or travel to events in other cities without having to make a 9 hour drive.

Nobody really knows lol But seriously they're going to look at the income and performance of the property to determine value and it's unlikely they're going to loan you more than 75% of the value with no track record. 

For instance, I am looking for passive income, so that I can write and travel.  

This is based not only on a mortgage’s closing costs but factors like property taxes and utilities paid in to date by the seller.At the closing, or settlement, table, the buyer (and seller) sign all closing documents, including the HUD-1 (see a sample HUD-1 here), and the final loan documents.The buyer pays the remaining funds in their downpayment to an attorney or a representative of the title company (who is present at closing) via cashier’s check.The representative from the title company or your attorney will then record the transaction and deed with the appropriate municipality.The buyer receives the keys and, unless indicated differently in the contract, officially takes possession of the property.