Where I need help is with the official stuff.

) He gives an unofficial estimate because he isn't allowed by law to give an official one. $12,000-15,000!!!

I see lots of pictures, but appraisers and inspectors (paid by the buyer) do the official inspections.It's funny you know.

Well I officially haven't started out yet, and that is where I am running into problems.I'm from california, specifically the bay area.

The bank usually bids the amount that is owed to them and officially takes back the property.

If you are making offers on LISTED property multifamilies then R2 is right, you will NOT get a deal.BUT if you drive around and find multi's with deferred maintenance and vacancy issues and research and contact the owners directly, you CAN find some very good deals.I've bought several smaller apartment complexes and not one of them was listed or even was officially for sale.

We'd like to officially welcome you and your newbieness to BiggerPockets!

I've heard of landlords getting their friends in there and officially charging them an above-market rent to make the property sell at a higher price.

My husband and I just bought our first "official" investment property.

He said; As with a trust, lenders do not exercise the "due on transfer/sale" clause when real property is transferred to the same individuals in an official capacity.