Hopefully, this first investment will launch our journey in real estate.Here are some criteria we have in mind:Not in downtown SacramentoClass C+ or B location, since we will be living in one unit (we just want a safe location)Units with shared walls, not ceilingsSeparately meteredFairly renovated or well-maintained (not a fixer-upper, but if one unit is renovated and the others need some work, we would love the experience of fixing and renovating)Can you think of any other factors we should consider?

Would be great if it worked like we were hoping, but that's not the case. 

Hope this helps! 

I hope that helps.Telling people not to respond if they are going to help in their own way won't get the best responses.

If they want to sell now or in six months, you need to know before giving them an offer so you don't lose leverage by giving them an offer now instead of closer to when they are ready to finalize.Since you are already going to the property, take good pictures and make sure you capture the electrical panel, HVAC labels, and plumbing material.

If you manage it and screw something up, you'll cost him a lot of money and you'll lose the friendship.

Everyone talks a big game until they lose a couple hundred thousand to save $20k. 

Hope this adds some value to the BP community. 

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

When the buyer defaults, the seller's credit is trashed, the lender forecloses, and the buyer loses the property.