When necessary, I will need someone to take care of tenant move-outs and finding new tenants, as well as evictions.

If you're one of the  lucky ones that finds a buyer immediately who is qualified, agrees to your price, doesn't care if you've missed a disclosure, isn't picky at the inspections, and basically just wants you out and them in, then you don't need an agent. 

I got started in the Private Equity sector and REITS, every time I see a post with the term Multifamily in it, I immediately think multifamily over 100 units, however on BP not knowing the exact number I'd probably guess 97% of the post titled multifamily are actually post about Duplexes, Tri-plexes, and Quads, which are terms the Guru's have steered away from since using the term multifamily will get you more attention.

I should also mention at this point we've decided to keep my wife home to take care of the kids.

Take care and good luck.

Care to share the numbers (sold comps; expected monthly rent; your thoughts on offer price)?

I don’t care if the value goes down unless I’m ready to sell.

It doesn't matter to the tenant if you can logically prove their current rent is below market, they'll still want something for the increased rent and they won't care how much deferred maintenance you've had to fix that their old landlords neglected.

Thanks for  your advise  Jonny Morris I am i have already run  the numbers its listed for 110k i estimate to rehab it for 80k 100k and the ARV 300k 320k.So what i am confused is what are the step by step things that i have to do after buying, for example hire contractor talk to the town or state for the permits and inspection in Newark nj there's something that's called the ccc when I have to take care of this appreciate your help

@Jon Holdman, it's been taken care of and thanks for the help.