I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing.

They often have access to off-market properties which gives you less competition.

@Eric Smith, It really doesn't matter who you are selling your property to - unrelated or related party. 

Quote from @Timothy Frazier: Is it a bad idea to use a hard money loan as a downpayment for a turnkey property?

Hello, I am new to the BiggerPockets forum and looking to purchase my first investment property this year.

What I see is typically in the $3k - $6k range for those types of properties.

We fully renovated both units, improving the property’s value and rental potential.

Unlike Robert K and many on this site, I judge a property based on total return.  

I love living in CA, but if you're an investor and like to have your properties in LLCs, it kind of suck. $800 yearly tax for each LLC.

I'm not sure I have full confidence in this property management company.