@Caleb Brown makes a good point...wholesaling could be a good option.So many factors need to be considered in the "would you buy it?"

So, when you buy from a distressed seller well below value, factor in a higher amount of deferred maintenance expenses.

If rates are at 5-6% in 5 years, this will be very attractive to a buyer.Depending on the loan amount (and a bunch of other factors) this may be a good candidate for agency debt (Fannie/Freddie).

@Hector Naranjo I'd suggest even before paying for any tools, Create an excel spread sheet that factors in all of the expenses i.e. repairs 5%, Capex 10%, Vacancy 7%, Taxes(get from assessors site), Insurance(get quote from broker), management 10%(even if you are self managing), landscaping/snow(depending on market) and utilities. 

The other big factor that plays into Detroit’s big positive cash flow wins are the enormous amounts of renters desperately looking to move into freshly renovated properties.

So don't let your age be a determining factor on getting started. 

There are many factors. 

Of course there are a lot of factors, like: your systems in place, ability to purchase multiple properties fitting your established criteria, funds or loans available etc.  

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

I was wondering if anyone can help me understand at which point I should factor in the Capital Expenditures when evaluating a multifamily deal?