Do you plan to repeat this strategy consistently in the future?

Purchase price: $198,000 Cash invested: $100,000 muti use building consisting of Deli, Laundromat, office space and 2 bedroom apartment What made you interested in investing in this type of deal?

If an entry door is accessible via basement level at ground level, this is not considered a basement, however, the windows in the bedroom must be of "relatively consistent size" to above-ground windows.

You have to get consistent income before you do anything.

Paying a bit over appraised value wouldn't be a hard no for me in every circumstance, but of course I much prefer to capture some equity on purchase, so I'd have to be 100% confident in my underwriting and strategy for the property. 

You may network, meet other investors, and pick the brains of special guest speakers by going to these events.Make Use of the Marketplace: Look through the BiggerPockets Marketplace to locate possible partnerships, offers, or services that will help you along the way as an investor.Stay Active: When it comes to networking, consistency is essential.

It's all about consistent base hits, the home runs will come from time to time.

Keep in mind though that building your network takes time and consistency.

Gross income creates a filing requirement, but it does not create an actual tax.As to "typical" - all states have different approaches, no consistency at all. 

The potential in the Bay Area or other coastal markets is massive, but we have seen the risk is also high and the consistency for the average investor can be low.