The truly ironic part is that with the higher rates of rent increases, these properties will cash flow better over the long run than the so called "cash flow" markets either inland in SoCal or out of state.

Also, ironically, I just had a 8 unit portfolio land on my lap Today and have opportunity to seller finance.

Ironic story alert.

You would probably need a good agent to get the terms ironed out and price agreed upon before it got to an attorney.

So there are situations where it can happen, albeit rarely - you just have to be on the lookout for it and be ready to strike when the iron is hot. 

The problem set was the third where moisture had gotten between the angle iron brackets and stair treads.

Coincidentally, I'm finding it more difficult to pull the trigger on my second deal because my first house hack has made me financially comfortable and ironically more risk averse.

@Justin Fraser it's a little outside of the quarter but the Wrong Iron bar would be a good spot.

https://www.forbes.com/sites/scottbeyer/2015/04/24/how-ironic-americas-rent-controlled-cities-are-its-least-affordable/irony least affordable citieshttps://www.mercurynews.com/2017/11/02/rent-control-policy-likely-fueled-the-gentrification-of-san-francisco-study-finds/https://www.bloomberg.com/view/articles/2018-01-18/yup-rent-control-does-more-harm-than-goodhttps://web.stanford.edu/~diamondr/DMQ.pdfstandford studyhttps://mises.org/library/unintended-consequences-rent-controlBombing and rent controlhttps://mises.org/wire/rent-control-makes-good-politics-and-bad-economicsGood politics bad economicsNYTimeshttp://www.nytimes.com/1989/05/30/opinion/how-rent-control-hurts-the-poor.html

He said the drains have root problems and will need to hire a plumber with a video to see where and condition of cast iron pipes.