A fourplex means four times the appliances, plumbing, HVAC, water heater, and other repairs, driving up maintenance expenses compared to a single family.In Las Vegas, multi-family properties attract transient tenants, like singles or couples without children, who typically stay 1 to 2 years.

Quote from @Arun Maheshwari: Hi,Does the bank owned foreclosure property allows to put Inspection contingency for big issues like plumbing, eletricity etc.ThanksIf it is bank owned and the foreclosure has taken place - possibly but they would make you responsible to turn on power and water and turn it back off.

I describe that on my pod cast with bp # 222 I become a ghost at $10m cash mate (Not equity or assets) lolWon't pick up the phone anymore and laptop is going into the Mediterranean waters hehe 

I can't remember exactly, but I believe the main ones had to do with additional parking restrictions and water.

Indeed, where we pay a REALTOR commission, we are initially under water, but look at the long- term probability the rental will remain in the system.

NJ investor myself - happy to help you navigate these unique waters! 

However I have had to replace some major appliances recently which had put my in the defecate and added to my motivation to sell (Hot water heater, two refrigerates and a washer/dryer).

You can pay an annual fee if you want to have access and usage of CAR forms, but why would you when you can get free real estate forms from Firdt Tuesday. 

Water heater 3 years old.

However I have had to replace some major appliances recently which had put my in the defecate and added to my motivation to sell (Hot water heater, two refrigerates and a washer/dryer).