We own another duplex in the area that has done very well but bought it 7 years ago.Sale Price: 426KBeds/Baths: 4 beds 2 bath on one side/ 3 beds & 1 bath on other side which can be upgraded to 4b/2bath.Closing costs: $8749 on Mortgage:  4.5 % 30 year mortgage with 25% downRepairs & Rehab costs: 30-50K to add AC units, new furnace, new electrical panels both sides.  

@Edgar Perez When my clients purchase a property, I meet with the tenants prior to close to get their side, then I get the landlord's side, then I confirm everything matches on the HUD (for prorated rent and deposits) at closing.

Is it generally understood that in-order to get a pocket listing from a *commercial* multi-family broker, you will have that same broker represent both sides of the transaction (i.e. there is no additional "buying agent" involved?)

On the flip side, when you submit your offer, you put an expiration time on it.

Hey BP,My goal is to hear some advice and/or pointers on what has worked for people with experience in what their advice is.Background:I'm a Carpenter in Northern California working for a General Contractor totaling 40Hrs-60hrs a week My current work is mainly Tenant Improvements/Remodels, In the past I've done custom homes as well.I'm sole provider at the moment for my family and am saving what I can though it probably wont be significant for InvestingIssues (oppurtunities):Dont have much capital 5000-10,000 - Saving about 500 a month Dont have GC license yet - Will have GC license in November 2017Will have Construction Project Management Cert early 2018 (March)I'm looking to be proactive and find an oppurtunity to enter real estate investing with a sustainable stratgegy.Current thoughts:- I can work full time and get jobs on the side to add to capital power - wholesale remotly, with savings?

Why spend hours and gas money driving around to build this "super hot" list and chance you don't make contact? 

The goal is to buy a multi-family and make any necessary renovations to one side (the side I won't be living in) in order to rent out.

It is a deplorable side effect derived from equating tenants to a customer....the  "customer is always right" "place your customers interests first"  etc. mentality.We need to get back on top and as with everything else regarding investing leverage is the key. 

It's two brick six units side by side.

I do plumbing, electrical, basic framing etc. the only things I would contract out were siding, roof, windows, HVAC.