Please share any great data sources you have found or tips on evaluating areas.My 1-year goal is to purchase 3 multi-family properties, with 8 to 40 units, at least $5000/month of initial cash flow, and some opportunities to improve operations and increase cash flow.I am hoping to forge alliances with like-minded investors to fund Win-Win deals.I am so excited that I have officially started my RE Investing journey!

I am negotiating a purchase of a mixed unit property (consisting of 4 residential units and 1 commercial space0.

@Hannah Lewis Yes, I have 11 units in Albany.

Another approach is "house hacking," involving the purchase of a multi-unit property, residing in one unit, and renting out others for short-term stays.

A couple of facts: a) Not planning to sell it anytime before 5 or 10 yearsb) Planning to refinance it next year or so, after the renovations are overc) Planning to use the unit with backyard as short term rental- General contractor gave me a very high number.

That’s only triggered if you use property management in the 1st place.Any landlord without a Montgomery County Rental License is unable to pursue legal action against a tenant for unpaid rent in the District Court of Maryland and is subject to a civil citation from the Licensing and Registration Unit.

She is not how they qualified to rent the unit.

I have a fully executed version of the lease with both of our signatures, so the basement language is enforceable in my opinion. 

Since it is the smaller unit I am anticipating $6,500. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.