Definitely, a lot of fear starting out so new, with A LOT of information out there as well as misinformation; but we're very hungry to learn as much as we can to start investing in RE.

They share a lot of similarities in terms of price point, both for your purchase as well as your rents, they are attractive to renters and first time home buyers because of their affordability relative to the rest of the county.  

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

MF hedges against market shifts and cap ex. also doors are a multiplier X so if i have 100 units under 1 roof and 1 of my tenants moves out and trashes the place well thats only 1% of my expense.. as opposed to 1 SFR which would be 100% of my expense.. the only aspect I could potentially agree with is the liquidity.. but lets start off with IF you are investing in holding real estate then you SHOULD be holding LONG TERM. so liquidity is only a tertiary calculation.

Additionally, the house will likely appraise very favorably after as well with a cash out refi a big possibility Thoughts?

This thread hasn't been too active but I'm looking for a manager as well.

To add to what was mentioned, I would look at the maintenance history of the property to see what repairs have been made that are more capital in nature (say, new counter tops or kitchen) versus an ongoing issue (plumbing backing up every few months).How is the insurance search going for you as well.  

Very cool Let me known when you come, youre welcome to visit. www.fincaselah.com

I have a goal to post at least once a week to get to know you guys as well as make sure I'm consistently learning from people who are smarter than me :)When I started reading and learning about REI I felt pretty strongly about hiring a PM.

You have to work to find them but they exist and they have been named in the BP forums as well.