When I lived in CA it was pretty common.   

they don't care that it needs new appliances or that their furnace is 47 years old or that it has no parking. 

Its interesting there are no good deals 1.5 hours north of NYC. 

The best thing this community can do is encourage your son to run far away from a subject to deal.

my question is, is it more worthwhile to get another tenant in MY unit and i go out and buy a house/ condo for myself which i would have to pay mortgage on but would be subsidized by new cashflow from 4plex.

I still made it work, but man, it was close.Has anyone else been blindsided by something in a deal like this?

Amy What do you charge and what services do you provide / exclude?

Do you guys work remotely or are you tied to SF? 

My goal is to place tenants soon and then move on to my next investment.While it sounds straightforward to rinse and repeat, now that I have this property, I'm wondering what my next steps should be.

The exterior was in great shape but we had to do a total redo on the interior of most of the units.