Its in a B neighborhood. 

In California they have the AB 1506 going on to massively expand rent control (unless us homeowner/ landlords/ investors stop it)  This is from an LA group Another group with rent control -- Universal rent control in mind Portland Tenants trying to get free room and board

Mission, TX- if you know where and what to buy you can get A-B neighborhoods with a 10+ cap.

Hi @Darren SpedaleRent Assumptions A) Monthly Rent Revenue  = $5000 (5000*12 = $60000)B) Vacancy Rate = 6%  ($3600)C) EGI =A-B  i.e. 56,400OPEXA) Property Taxes = $6000B) Insurance = $3000C) Utilities = $3000D) Property Management = 10% $5640 (I assume you are going to say I don't need property management I will manage it myself.

@Wayne Brooks - in Boston, you can get a simple permit for something non-structural (which an exterior deck would be) without needing to submit any plans@Georges Arnaout - if the permit for the deck is not in your window (piece of paper with a B as a watermark, then you may have an issue).  

It think what the title company is saying is that it is unethical for them to handle both sides of two transactions (a-b, b-c)and not disclose to parties 'a' and 'c' that each other exist.

Most title co.s won't do a "dry" closing where you try to use the B-C funds to fund the A-B transaction.

I have a BS in Business Administration, but everything I know, I learned on the job.

Thanks @Trevor SchumannI highly recommend to not buy any 4-plex in a D area.Please see link below:http://www.biggerpockets.com/forums/12/topics/105631-how-do-class-your-propertyYou will see a great post describing the areas by A, B and C class.Personally I wouldn't be buying a 4-pled in anything lower than B class.Thanks

The home is located in a "B" neighborhood and I purchased the home new for $546,000 in June 2006.