Wow after reading about them....this is a headache I don't need, I contact ING Direct (Capitol One now) to discuss loan options (have used them before) then contact my local bank (BMO Harris) and get better rates and deal from them.

You don't want anything sticking up.2) Great time to check that it is secure to the studs, lot of builders and harry home owners don't use liquid nails to properly adhere it.

@Gerald Harris I greatly appreciate your positive insight!

@Greg Harris Here is the breakdown they quoted me:Purchase Price:$699,000 Number of Units:2 units Property Taxes:$8,388 Insurance:$806.50 Maintenance/Repairs:$1080 Trash/Pest/Garden:$840 Gross Operating Income:$52,800 Net Operating Income:$41,685.50 CAP Rate:6%There isn't rent quoted on the MLS, but doing a quick Craigslist search indicates I can get the following:For the 3 bedroom 2 bath somewhere between $2,100 and $2,800For the 1 bedroom 1 bath somewhere between $1,500 and $1,600The the following cap rate calculation I use a gross monthly rent of 4k.Cost = 699kRent = 4kTaxes = $675 - this is based on a quick google search for prop taxes in LA, quoted at 1.16%Insurance = $150/month (total estimate, I have not received an official bid)Vacancy = $280 (based on 7% of rent)Repairs = $200 (based on 5% of rent, because this was recently rehabbed)Expenses totaled together (without mortgage) = $1,305$15,660/$699,000 = 2.24% cap rateMy plan would be to live in the smaller unit and rent out the larger one.

@Dean Harris was the top-producing Agent in Memphis in 2018 and we on-boarded new buyers all the time in the office because without them, life gets real rough real fast in this industry.Rant over; on topic: the general consensus is that our job is to present properties, so if those units and what they're earning/could earn work for you and your numbers, then I'm having a hard time coming up with reasons to be turned off by that.

@Michael SwanI have said it in a very polite way in an earlier comment:It’s hard to know who’s genuine in this online world where any Tom Dick and Harry can claim to have “$100m of assets under management” or “own 250 doors and plan to get to 1000 by 2020”.Only novice investors and BP newbies get click-baited by absolute nonsense like that.We know they spend all their time evicting “tenants from hell” from all these so called “assets under management”....all while I’m vacationing in Italy with my family.I for one do not care how large anyone’s portfolio is.We are not competing against one another.I just want quality assets that gets me more time with my family. 

@Bryan Blankenship @Chris Connolly @Theresa Harris @Jaysen Medhurst @Scott P.

@Theresa Harris good idea.

@Theresa Harris.

Hey John Torres , I'm also immersing myself with books and knowledge in apartment investing, since that is the route I am pursuing as well.Here is some recommended books: -Investing in Apartment Buildings, by Matthew Martinez-Commercial Real Estate Investing For Dummies by Peter Harris-Multifamily Millions by Dave LindahlAlso, I regularly listen to podcasts from BP, Joe Fairless, Peter Harris, Michael Blank, Reed Goosens, Old Capital Real Estate for apartment investing information.They are all gold in my view and I am sure all this knowledge will catapult me to the next level in the apartment investing arena.