That would cost a TON, due to annual state registration fees, and ESPECIALLY tax prep fees from the accountant, because each LLC partnership would need its own 1065 filed (if it is a single-member LLC it is a direct pass-through to your 1040, but it will still likely increase the accountant's workload and therefore add to the tax prep cost).

Also as mentioned above, the bank will not lend higher than the appraisal amount.If it helps at all, remember not all of the money due at closing is a cost.  A

They should be able to point you at a title company connection.This will cost a little extra, but the cost should be built into in the deal.Best of luck with it.

Remember the concept of opportunity cost as well.

And it won't cost a penny.

Now if you're looking at purchasing a multifamily to owner-occupy without using an FHA loan, your lender is somewhat right that it'll cost a 20%-25% down payment, but it still can be considered a primary residence and you still can reap the tax benefits from it being your primary residence. 

(See picture #1)I go home, see the damage and go OMG. this plus the paint plus replacing all the bad pieces of siding will cost a whole lot of cash.

I'm looking for an investor friendly real estate agent/broker who works in the Contra Costa County California area. 

I am an agent located in the Houston area, given an opportunity to invest in some new construction condominiums in San Jose, Costa Rica.The reason for my post is I'm wondering if there is anyone out there who can share some information as to the status of Costa Rica's beginning stages of a housing boom.

. ;-)@Jim Costa:  It's a duplex, the bank/lender and their appraiser will relay of setting the valuation based upon comparative sales and not income capitalization.