We just sold a 3 unit to an investor friend, who at that close also got a discharge for a 12% mortgage on another property we sold him 10 yrs ago.

It is November 25th and there is only about 35 days left in the year with a lot of professionals who take off the last week of the year.Given that information, you will likely need to buy a poperty with a quick close to achieve what you are looking to do.

I am about to close on my first multifamily property (5 units) and I am having a hard time finding an insurance company that can give me any kind of decent rates.

I like what I’m seeing from Easton PA more specifically - especially it being so close to NJ so I can self manage. 

Since they do not require closing credits and you do not draw on the funds nor pay for the debt until you take the draw of the HELOC it is best to get started on it now so you have funds ready.

Maybe you are close to a black hole and have encountered a time dilation issue?

It was my first time stepping through the motions of a property auction and it was still a great learning experience, despite missing a technical deadline and not being able to bid on any properties.I am now in the process of closing on a FSBO listed duplex that's a better deal in comparison to most of the properties that sold in the area during the auction, so it all worked out in the end.

There is no way I could pay close to that amount with risk on needing a full interior rehab. 

Account Closed   I wouldn't put too much stock in a history with so few data points.

For example, if you want to stay close and be hands-on, I've heard Sacramento is a great market.