Those seem to be fairly typical terms for the commercial loans in my neck of the woods as well.

If that is is the path you want to pursue, the small multi may be the way to go - if you can find well cash-flowing property in your neck of the woods as I would highly advise that you stay local if buying small multi.If  passivity is paramount to you, then taking part in a larger acquisition such as a syndicated purchase of apartment community or strip-mall may be the better option. 

Plus, I figured Greg had an open tab so I wanted to take advantage of that...I had a deal closing at 6, but had to go home after that due to a bad gym injury from yesterday....it sucks getting old....my kids were even laughing at me not being able to walk..Next time guys, and thanks for putting this together Greg!!!!!

To add insult to injury, she told us she has started paying another bigger investor, little by little,from the rent from the tenant upstairs.

Welcome Alex,I'm in your neck of the woods and starting out as well so if you're ever interested I'd be willing to sit down and chat or connect on here.Good luck either way!

Thank you Jonathan, the deals definitely seem to be few and far between in our neck of the woods.  

If it is a higher end area for your neck of the woods, and the comps all had nice driveways, then you replace.

That's his neck of the woods!

If Landlord grants permission, Tenant agrees to take precautions to prevent injury and also to maintain adequate insurance coverage.Note: By at least addressing this scenario in our property rules in this way, the tenant will be more likely to ask for permission before just going ahead and doing what they will.

I am open looking for someone with great knowledge of the Ventura county and Northwest Los Angeles county areas.I have had success investing in the South, and Midwest, but looking to acquire more units in my neck of the woods.Thanks for all your input!!