There is a lot of information on the new apartment developments and the general consensus is that there may be an inevitable saturation point now or in the near future, at least in the university area but perhaps city-wide:New and planned apartment construction puts pressure on older unitsBaton Rouge multifamily market becoming overbuiltBaton Rouge student housing boom not expected to lastIn this type of environment which is probably common in many college areas and even non-college areas, with a large number of available units and the potential of acquiring a less flashy property, is there much of a future in investing in that type of smaller multi-family property?

That is not common.

Which is one of the most common answers you will hear.

It's common that people start in SFH then move to multi-family properties, then commercial etc.

It is very common for commuters to travel up to an hr. or longer to work in larger cities.

What are some common services needed through a cleaning company in the real estate world?

utilities (for common areas and typically water)?

Either way, I highly recommend this book from Nolo, it's got a ton of practical info, as well as super useful templates for common LLC resolutions, amendments, etc., so that even if you do use a lawyer to set things up, you can do a lot of the ongoing paperwork yourself:https://store.nolo.com/products/your-limited-liability-company-lop.html

Appraisal questions are very common around here, but appraisers are few and far between.

Fannie/Freddie is more lenient and their guidelines have more common sense.