Currently I am a 28 year old poker dealer/ finance grad from the Modesto/Turlock region and I'm passionate about getting into this real estate market with the focus being multifamily.

Perhaps no one wanted to offer the seller what the true value on the property was... or perhaps the seller was just sick of sitting on it.  

Also, if you purchase a home at below market value, do you figure the rent ranges based on the purchase price or the true market or ARV?

If 1 of your neighbors does not want to buy, you may have a problem as 1 would equate to 25% of the occupants.Now all of this is true and accurate from my experience having done this in the city - BUT, I never tried with less than 16 units.

An emotional seller can then study the facts and eventually will have to come to terms with the true value of their property.

Its a true 30 year, 5-8%. 

Hi Cesar,Yes what Terry said is true.

I have a passion for it.

Do you know if its true?

I don't expect the area to boom like Highlands anytime soon, but if the old adage about following the gays and the artists to the "next place" is true, then the east side may just eventually be a "next place".