We got a ton of good ones from 'Stay Here'.I had a friend whose daughter was on one of the HGTV shows where they find you 3 houses and you have to choose from them.

Why did you choose multifamily over, well, everything else?

You’re getting solid advice here on how to vet and choose members of your team.

Happy Weekend everyone,Today I want to ask how everyone deals with contradictory information, negativity and discouragement, and naysayers.What I mean by this is that with every market or strategy one chooses, you will find plenty of people saying it's great and plenty of people saying it's terrible.

Did the seller choose the cheaper repair?

If you decide to choose an out of state market you will want to line up a solid property manager and build your broker/agent connections in that market. 

With my building and most others in the area I can choose my own property manager or self manage If I choose which I do.

Critical Check Points: Tenant selection - screen and choose well; Lease Up - establish a strong rental agreement and make sure the tenant understands your expectations; First Three Months - like a probationary period, check in more often, most problem tenants reveal themselves within the first three months; Lease Violations - swift follow-up and enforcement; Regular Inspections - frequency will depend on a number of factors, including how well the tenant is fulfilling their responsibilities.

If I choose to do this, I should do this only if I know I won't make a profit on the home right?

The seller is able to cash out at anytime with a note buyer if they choose to but is still happy collecting the monthly income while he pursues other interests.