First Multi Family Property

[Jordon Schav]

Going to look at my first multi family property tonight, looking for any advice as to what to look for and watch out for as i go through this journey.

Pro forma numbers are good. Meets 2% rule and the 50% rule, cap Rate is 15.2 and based on my proforma numbers will cash flow just under 1000 a month for a 4 unit.  I have been looking to make the jump into multi family for a while so any advice to help me keep my googly eyes at bay as my wife calls them will be greatly appreciated. Also what things should i be asking the realtor to make sure i get true numbers on the expenses?  I did get a copy of the rent log already to check that.

Thanks for any help 

[Mike Dymski]

You will likely have to share the components of NOI to get additional help on analyzing the deal.