I also purchased these while residing in CA!

I have a couple of buyers that will purchase without due diligence.  

If that comes back acceptable, I set up a "contract to hold" meeting - usually the day after the email since qualified applicants need to be "closed" ASAP.

As we all know, you are really paying for the commission in the purchase price. 

Some investors prefer to start saving for these ASAP, while others plan to deal with them when they happen.The unknown is Maintenance costs, which are often dictated by how "hard" a tenant lives in a property.

Still appraised higher then my purchase. 

Quote from @Holly Radice: I am looking into purchasing a 4 unit in Ohio as my first property.

I’m actively seeking to purchase either a multi-family or duplex unit in the Columbus area  for a medium rehab project. 

@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.

I am from the Chicago area and looking to purchase my first property in the next 3-6 months.