Elizabeth Colegrove is definitely someone you should talk to, I also recommend listening to her podcast.If I was in the military or lived near a base, there is no question I would be in for the strategy of renting class A-B single family homes to officers.

Its unfortunate people don't have a BS filter because I'd call total BS on any deposit required prior to seeing it let alone $320 in legal documents for a rental. 

We could also state the question this way: what is the most you would or should pay the seller in the AB transaction?

I have to be honest with you, I am not sure what the difference is between an A,B,C, or D neighborhood. 

I bought this , in Pasadena for 130K  the inside was worse , This is a year later , Wasnt easy , its a duplex , each side  $ 1300. mo      Its in a Blue ribbon school district and a B neighborhood .  

this would be my first deal and i am not sure if its even worth looking at.listing price is 795,000 (i would offer lower) which is comparable to sfh in the same area.first unit rents at 2400 1b/1bsecond unit rents at 1800 1b/1bthird unit is not permitted and currently rents at 800(this would be my residence in a house hack situation)property tax is 3300 a yearthis is a older house that has been maintained(new roof/siding/kitchens)with little experience i would say this is a b+ a- house in a B B+ neighborhoodproperty is in downtown Napa which gets a lot of tourist activity vacation rentals go for 300 per night averagefinancing is through a partnership passive investor using 200,000 down to get tradition financing title will be in my nameit must be noted this is the first house i have seen with any cash flow. listing prices are high, stock is low and people buy for appreciationthis house is nowhere near the 50% or 2% rules am i crazy for looking at itthanks in advance and let me know if i need to give more infoCasey

If you double close, (personally close on the A-B side, then subsequently sell to C in a separate transaction) then you may be required to pay your broker some form of commission split (again, depending on your contract) The rationale is simple.  

I want to be a buy and hold investor in small multifamilies in the B to C real estate class in a B neighborhood.

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What sort of cash flow would you expect out of a B class 100 unit property relative to where you look for these properties.