Obviously being in CA, the rewards are lower cost of entry, more LL friendly jurisdiction.As for "multifamily", what size properties are you thinking?  

Over the many years, I've seen these things destroy a lot of people.IMO for a short time they provide happy days, but inside them is the shark that will "come a callin' ".As a very conservative investor, these are not on my Swiss Army Knife, but I recognize the Risk/Reward situations they are used for.

Whether you're a beginner looking to break into the world of real estate investing or a seasoned professional seeking to expand your portfolio, this guide will equip you with the knowledge and insights necessary to make informed decisions and achieve success in the dynamic and rewarding realm of real estate.Understanding the BRRRR Strategy:Buy: Discover the essential skills and knowledge needed to successfully identify the right properties for the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy.

Same amount of work, same risk, 80% more reward.  

I just wanted to take a moment to say hi to everyone who gets up and fights the good fight by striving to achieve the ultimate reward, getting a deal under contract. 

In your shoes  (if you wish to proceed) I'd push to have the eviction completed prior to close as a contingency.I applaud your interest in getting into real estate it has been a very rewarding and enjoyable career for me.

The right deals are rewarding ;)

It is very rewarding!

NOW, if we are to have the HOA responsible for the interior of each of the units as well, here are the eminent problems I foresee:    - owners will be even more careless and act irresponsibly for their units since they don't pay for the repairs of the interior of their units    - because many of the owners rent their units (technically they sublease), they will be even less incentivized to maintain their units    - the HOA pays for all maintenance and repairs of units and owners get the benefit of rent    - repairs/maintenance of units is not properly proportioned to their respective owners, meaning that there is no incentive to keep my property up because any repairs will come out of the pocket of all other owners    - this penalizes good owners and rewards slummy owners    - this will put the owner residents at a big disadvantage because the owners who rent their units will cause maintenance fees to increase for all owners, especially due to high turnover    --> in Summary, this is a straight example of socialist-style system (I know, my family immigrated to the US from the USSR) and it will just sink our whole Co-op.  

I want to keep him enticed/rewarded enough to stay involved down the line but want to make sure I don't over-promise and stall my future plans.