I wasnt impressed with 95% of them .

Lastly, California is very over priced in most cases so keep in mind buying out of state is not hard and can save you a ton of money. 

@Pablo FloresWe were able to negotiate with them and I think we are around 35$ per unit for everythingWe have been using them for over a year now and we are up 15% yoy which is partially the market trending up after last years correction but also the revenue strategy.

One of our members brought us a deal last year.Looking forward to reading everyone else's response.Good luckGino

Any MF that goes on the market that is priced where there’s a little meat for an investor lasts less than 48 hours before it’s snapped up.

The last thing you want to do is finance your budget and get pushback from your lender's construction draw team that you can't actually get the draw because your husband is both the GC and the Borrower (Owner Builder).

There has been a ton of growth here over the last 3-5 years.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

For the last few years I kept thinking the market was going to get saturated with rentals and drive monthly rents down, but they keep building, and people keep moving in. 

I’m not seeing any comparables listed or sold in the area recently in this bad shape. the last lot I posted for sale I undervalued it and then asked for a offer most saying “well it’s posted for 20,000” even though after talking to people, I started to see that they would happily pay more than that.