kudos for your specific and thoughtful post. 

Since both lots had the same mailing address, this was the address used by the foreclosure attorney when posting the sale.  

Quite a few syndication posts about deals gone south.  

Quote from @Devin Slone: I live in Huntington and was looking for local meetups to go to and I just stumbled upon this post!

@Daniel Hartz...it would have been easier for suggestions if you have posted the address so some of us could see if there's more equity than what is being stated.  

Lots of folks come up from Ventura County, including many who responded to your post. 

I have referred a loan out of state based on NOI, cap rate at purchase, room for increase income and purchase price vs market value.Maybe I didn’t articulate the intent of the post as clearly as I hopedFor anyone who has bought multi family out of state, “what are gives you the warm and fuzzies about a deal”:Obviously not cap rate, but maybe vacancy rate,  Cash on Cash ,GRM, IRR, Unlevered free cash flow, Cities over 250k?

PS: posting on FB or craigslist nowadays is just begging to be pirated, it's dang near a certainty it will be pirated. 

You have to be careful with these posts, that's when the Real Estate Agents come out and say that their market is best.The reality is you can make it work almost anywhere.

Keep in mind my comments were given with only knowing the details you provided in a post so I don't want to come across as a know it all.