Rates tend to be higher than 1-4 units or 10+ units as these units fall in a range where not many lenders can do these deals.

My market is one of the most expensive in the country and I wanted to ask the BP community any advice you have with investing in a market where prices tend to be on the higher side (Ex: most multifamilies are north of 700,000 -1.5 million).

@Carlos Oliva, I tend to agree with Don.  

Its definitely priced higher, but I tend to weed out weak applicants.

Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.

Cities and regions experiencing economic expansion tend to attract more renters and offer better long-term investment potential.

This is why most double closings are performed illegally, not because the double close portion is illegal, but wholesalers tend to circumvent licensing requirements to make a buck.Just as there are legal ways to drive and operate a vehicle, there are illegal ways to do the same. 

Buy and Hold: Norfolk (Best Cashflow Potential), VB (Townhomes tend to work well, Green Run is a great area for cashflow), Chesapeake, Newport News, Suffolk (Less Military presence which is why i would put last.)STR: VB (in the proper zones if you have the money $850K+), Norfolk(Ocean View area specifically but have to watch out for the AICUZ restrictions), Leave the restPart of that decision process is distance to that I would need to travel to deal with rehabs, I hate dealing with the tunnels so I would almost always pick places on the peninsula last since I am based in Chesapeake.

Please keep in mind my market is Charleston, South Carolina which tends to be on the warmer side throughout the year.

It seems like traveling professionals, many interns, and even other professionals are tending to look for smaller spaces if they are traveling alone.