Not meant as snark, please see below...

Below are the details:Ask Price:   $2,595,00025% DP:   $648,750Monthly P&I (30 Year Amor @ 6%):   -$12,897.15Annualized Market Pro Forma NumbersPro forma Rents (24, 2/1 units at $995/month):   $286,560GOI with Vac/Cred at 8%:   -$24,357.60Pro forma Expenses at 30%:   -$85,968.00NOI:   $176,234.40P&I:   -$154,765.80Cash on Cash Return:   $21,468.60Deal MetricsCap Rate:   6.79%Debt Coverage Ratio:   1.14Cash on Cash Return:   3.31%Cost Per Door:   $108,125Adjust Rent/Price Ratio (per door basis):   0.9202%My MFH investing education is still on-going, but it looks like the seller is trying to sell this as a stabilized asset.

So below is the quick and dirty overview of my situation:- claim #1: submitted earlier this year for substantial water damage in LA rental property and just received payout. 

And you'll never find a house for that price in the Heights.I can't check the comps without an address, but that zip code is north of I-10, which is a part of Katy where the rents tend to be lower than the areas south of I-10.

The 2/1 and 1/1 are both rented out with longterm tenants on a month to month basis and below market rents:) I have enough space in the 3/2 to convert to fourplex if I so choose but I haven't made that decision just yet.

Just text me at the number below and we can schedule time to talk. 

The following items were checked: Subterranean Termites, Fungus / Dryrot in siding, roof sheathing, Water stains noted at Master bedroom closet, The Subarea below the bedrooms is inaccessible for inspection due to Dirt covering access, Evidence of Subterranean Termites was noted at/in Subarea which appears to extend into inaccessible areas (garage). 

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Below that and you're regulated by the state(s) where you do business.There are multiple companies that assist with RIA formation/compliance paperwork.

Somewhere in CDs underground line is blocked so we will have to dig up our gravel driveway (100 ft or so) and replace.It would be a lot easier to tap in to ABs water in the crawl space and run a line to CD (only about 20ft away)Our water bills here account for water ~15$ a month and trash $60 a month.