Originally posted by @Chris E.

there are E and O issues as well depends on your policy... many of the bigger firms definitely frown on too much personal buying and selling..

You are obligated to honor the current lease until it expires, then you have the tenant sign a new one.

Finally, finding an fha approved 4plex in SoCal that would + cash flow on a 3% dp will be quite difficult considering the amount of liquidity here willing to purchase at very low caps.

In the meantime, here is the trulia listing:  I live in the first floor which was converted from a garage over 25 years ago. http://www.trulia.com/property/3195168687-2005-E-55th-St-Brooklyn-NY-11234

In the end, it's more about th e look and market you are going for.

“You may want to get an attorney to make sure that the listing is expired and you can sell it yourself.”In my the lease to own solution with the seller, the solution has power and value if the seller can avoid paying the real estate commission.

Some people may balk at the idea of notes being a learn by doing business, but this is precisely why most of these assets are sold at cents on the dollar.My company and I will be releasing an E-book by the end of the year that goes into much more detail on the purchase process, exit strategies, and the note industry in general.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCastWholesaling101 You Tube ChannelKent Clothier – You Tube Memphs Invest channel

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCastWholesaling101 You Tube ChannelKent Clothier – You Tube Memphs Invest channel