The 14 Steps to Acquiring a Property These are the steps you must take if you want to invest with the least amount of time, money, and risk—and for the most profit: 1. Decide what size buildings you want to start investing in. 2. Decide where you want to invest. 3. Determine what types of multi-family properties you’ll buy. 4. Put your team in place. 5. Market to get your deal. 6. Analyze the deals. 7. Create the offer or letter of intent. 8. Negotiate the deal. 9. Create and sign the purchase-and-sale agreement. 10. Do your due diligence. 11. Renegotiate the deal. 12. Start your financing. 13. Choose a management company. 14. Close the deal.