In Southern California, multi-family properties offer potential for appreciation along with some cash flow, given the steady population and desirable market, but higher property costs, taxes, and insurance can eat into your profits, and finding a suitable unit in your budget might be competitive.

So I do not desire this to be an attack the Carl’s.  

Depends on how long it takes to reach your desired credit score.

Well Don, it depends on the desirability of the asset to other possible buyers (As guessed at by me), as well as if the offer is predetermined to be a lowball offer.Some sellers do not have a lot of ability to go down much and a plethora of buyers may drive the price up above what I think it should sell for . 

To really justify your house, you need someone with the median income in your city to bid it in comfortably.Demand is not "higher", it's desire that is higher.

If you so desired, you could still use your credit to acquire a traditional loan while simultaneously carrying out a subject to.ConsThe Deal Is Final: For better or for worse, subject to transactions are final.

I have a PM on all my properties; I don't really have the time or desire to self manage, at all. 

I figured out a system to keep in touch with prior clients (google this for ideas), and lead with a desire to help others...In your post you didn't mention if you have a spouse, or are living with family. 

Is it that there is huge inventory of newer buildings like over at Harbor Point etc, or Stamford is not a desirable area for people to rent?

Your desired unit count might narrow your search enough to evaluate everything coming your way.