First deal ever!! MF property - Help please

[Jesal Shah]

BP Friends, 

Finally after several years of "analysis paralysis" on different properties, I had a courage to partner up with my family members and pulled the trigger on a MF property. The property is under contract and located in south TX (McAllen area). I am excited but scared to death now. Hope everything works out.

Property is 16 unit small apartment complex, fully leased. After all expenses (including CapEx, vacancies, PM etc.), the coc return is ~8%.

If you have any recommendations on following, your help would be greatly appreciated:

1) Lender 

2) Property management 

3) Inspector

Going through due diligence at the moment...some of the articles on BP were very helpful in compiling due diligence checklist. 

I would welcome any comments/advice from experienced investors to guide me through this process. 

Thank you all in advance for your help!

Ss

[Tom Kaider]

@Jesal Shah  I have family in McAllen that own rentals there (and food trucks).  We manage them all through our larger Chicago bokkeeping/management office.  I'll send you a message.