With the property suddenly under water, I decided to rent and wait it out.  

You operate a business and to stay above water you need to make money as well.

I also know that water pools above our unit and then freezes at night.

In Calif, it is code to have the water heater strapped to a wall - - and yes, they take pictures and report the condition to ESCROW, not the city.

Price dropped to $45k and the numbers are as follows. 4 units, 3 tenants($425/month), $15,300 gross, Recently connected to City Septic but has a Water Well Connection(can be switched back), Repairs around $25k(kitchen and bath need upgrading) along with  maintenance.  

Just be careful and not over do it, and get yourself under water.

When it comes to rooms in the house like a bathroom or basement, where they typically collect more water, it becomes even more important to make sure that the job is done properly.

I was thinking auctions, foreclosure websites(but I can't find them)I put "we buy houses" signs out to test the waters and got whole sales calling, which could work, but I just want great deals and help with financing.

I was thinking auctions, foreclosure websites(but I can't find them)I put "we buy houses" signs out to test the waters and got whole sales calling, which could work, but I just want great deals and help with financing.

Hello BP Members.I have a Quadruplex currently for sale 4 unitsTenant Occupied(3 tenants)Concrete Block2828 sq ft0.5 acre lot(can fit another 3000sq ft building on property)Water Well Connection15,300 gross income(with 3 tenants)7.00% Cap RateRepairs estimated at $25kAsking Price $50,000Price Negotiable/Accepting Offers