I think this whole lawsuit thing is a distraction to cover up what's really going on..

But for large multi-family, that amount hardly covers your legal fees for one transaction, let alone down payment, due diligence costs, lender fees, other closing costs, etc.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

However, most of these properties still cash flow well (or enough to cover PITI). 

Similarly, looking up deeds of trust, licenses, or other public loan documents, as is often recommended here, will only confirm that the company exists - not that you are speaking to a legitimate representative.

There are organizations that can provide the family with rental assistance; every municipality has one - and the assistance covers utilities as well. 

When you start, the company may give you a small existing portfolio, but then you'll have to maintain & grow it to make a decent living.You could also work as a leasing agent at an apartment complex.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Some will leave the state, but many will be in search of housing in state that does not exist.  

There is way more things that can be covered and any attorney can correct me on here, but these are the ways we understand how to make it work.