Some of the cons of our location is that it is attached/sharing 1 wall to the front house, the patio is 30 ft up an alley where they walk past our front yard to get to their patio, it is lit and our neighbors have their front door on the same access alley so not a threatening looking alley by any means.

Just now I see 2/1 in Castro valley where garage has been converted to living room , add bathroom here for 20k here and you pay 1k in mortgage with second tenant

Apparently, James walked over to measure the noise level and discovered Steve’s door was cracked open.

I have insurance right now but I am paying upwards of $600 per door! 

Cap rates, location, and understanding the cost per door alongside your mechanicals and capex is going to be key when buying multi-family. 

That way you can collect more doors.

For example, a broken fridge door, broken window, holes in walls…Normally I would repair it but what if it’s becoming a constant thing?

While the urge for a beginner is “I just want to start”… I would tell you from having been in the market for about 6 years (but at 37 doors today) … now isn’t the greatest time to try to be starting.  

The garage is still not rehabbed.

So the house wound up needing the drywall, kitchen, bathroom, roof to the garage, Plumbing, Gas and other stuff done.