rob, you are right... the multi's in our area are terrible when it comes to CF. in fact, they lose money and i dont know who'd be dumb enough to buy them.look at this picture. just a quick look tells you that besides the first 3, the rest are not making money (all 2 units for over 90k????)

I cannot tell you how many times a prospect all of a sudden told me they have a terrible credit history and then asked if that was a problem.

Colorado has terrible Tex/Mex and BBQ.Bring me some and I will buy you a glass of iced tea.

Someone else earlier had literally scolded me for giving such "terrible" advice by telling someone that they should look for banks doing rate/term refi after 6 mos.

Monthly outgo: $840 PITI + $110 Property Management + $50 water billMonthly income: $1000Mortgage remaining: $99,900Tax assessed value: $115,000I am feeling terrible about having to rent it out due to the break-even cash flow + the uncertainty of big expenditures.

The new prospect led me along for 3 months and was a terrible prospect.

Even when you know how out of line their accusations are it still feels terrible to be on the receiving end.

That seems like a terrible deal for the insurance company.

Also, I think going off the gold standard was a terrible idea.

I am looking at my first real "commercial" apartment building and like most things I'm starting off small... 6 unit building, I own a 4 plex, 3 duplexes and several SFH's, so I'm not totally new to the game, but all the previous properties I bought at deep deep discounts, all foreclosed, all cash deals, all in terrible awful shape, all are now rehabbed beautiful and cash flowing very well.So this leads me to this 6 plex, its in an area I already own duplexes, I finally this week contacted the owner, turns out he's ready to sell, hes owned the property since 1981 with his brother, his brother is 10 years older then he is and can't do any of the work anymore. so...