To get ahead, we're going to have to work overtime and give up sleep, time with family, alcohol etc. 

We're in Portland, Oregon and very few cases can you hit the 1% "rule", and if you do you have to be creative.I wanted to share a win today that has been in the making for the past 10 months because I think it is a good example of what a low cap environment looks like and what a solid base hit looks like for those that want to invest in small multifamily deals.Here are the details on the property:9-units in an up-and-coming neighborhood Purchase price: $1,550,000Cap rate: 4.5%Average rent was ~$995 and Owner was paying for garbage and water/sewerWhen we took over we immediately had a couple units turn over, which was great because we wanted to get in there to do some upgrades (we do a lot on the sustainability side that include reducing hazardous building materials, energy efficiency upgrades, bike storage, decreasing utility consumption, etc).

The landlord may pay the water/sewer bills to the utility company but the tenants should reimburse / pay for it based on either consumption, flat fee, or some other basis (e.g. monthly rent or additional $50/mo utility fee includes up to X gallons of water per month.

I would stay away from providing alcohol or encouraging drinking alcohol.

In fact many high consumption industries eventually leave for that reason.Several years ago we inherited a couple of old spinster tenants (14 years residency) that were paying large, but subsidized, NG heating bills, but only $500/month in rent.

Is it still legal to drink alcohol in CA or is it just koolaid now?

If you read the paragraph from the FOMC statement highlighted in red and add to that all of the new programs and bailouts paid for by "We the People", it leads me to the following questions. •Shouldn't the consumer, after decades of over-consumption, be allowed to digest the over-indebtedness and save, rather than be encouraged to take risk?

We have plans underway to build a set of Passivhaus/Activhaus row houses ... aimed at downsizing, retiring boomers {these houses should come-in with annual energy consumption costs in the range of $150 - $250 basis ... which, if an Activhaus would be more than offset by on-site renewable production}.  

The American day laborers were the 'bottom of the barrel' , because they were usually unemployable due to alcohol, drugs, mental illness, just plain attitude and that's why they were doing this.

That might be more than 3 pounds worth, but I'd think getting on Ken's mailing list for his newsletter would be necessary reading for dealers or operators trying to do seller financing in this environment today.There is a lot of bad information out there, there is somewhat of an art to interpreting financial rules, regulations and law and they are not written for public consumption, in fact, they aren't really written for the average attorney but for specialists in that arena. :)