Need guidance in Baton Rouge, La Multi family search

[Joseph L.]

Hello Everyone,

I've currently been on the market for about a year looking to purchase an owner occupant 4-unit multi family home. It's been such a huge challenge in doing so. My first deal was a short-sale (in a decent area) that lasted 4 months before it fell through (the bank decided not to proceed). My second attempt was me putting in an offer for another 4-unit property(in an OK area) but was rejected because "The banks decided to send the property to auction considering they have been receiving a lot of activity". This didn't make much sense to me and I honestly believe they just wanted a cash buyer. Especially considering the property is still listed on MLS as active. There are several multi family properties available in war zone areas(Gardere for example) but I'd really hate to settle for such. Should I give up on looking for multi family properties here? Should I consider Baton Rouge as not having a market for what I'm looking for? Multi family properties just seems like the best move for me. Any help will be greatly appreciated.

Joe