IMO, what makes those houses look better without knocking them down, especially 1950-1970s houses in CA, is upgrades in windows, doors, and exterior hardscapes.

If I paid the full amount, my Cash on Cash return would be 9.26% and a cash flow of $82 a month per door.

IMO good photos get people in the door and sell the house.I had to go through a few photographers until I found one I liked.

In this case, the seller manages it himself (he lives next door).

I built a custom special needs residence that has no steps, either inside or outside, wider door opening, extremely low pile carpet, no cabinets below kitchen and bath sinks, wider halls, more exits, and a large shower with no lip.no curb between the floor and the shower.

If the dog isn't tearing the place up, there was a way for me to access the front or back door without going through the dog and I didn't have any legal documents proving the dog couldn't be there, I'd probably just make sure I had the umbrella coverage from Lloydes (I use Lloydes myself), and then forget about it.

1 beds have much higher turnover.The 2 bed in a different area could be in a more desirable area where rent growths,supply and demand,and appreciation is better along with cap rate compression.The same could be said for the 1 bed depending on where it is located.The 2 bed could be under market and you purchase and get 100 per month more per door and the income scenario changes.Some landlords keep under market rents to avoid headaches and turnover repairs and keep them full.They have paid debt service down over the years and dealt with so many headaches getting full market rent they do under market to not have the hassle.When you are slightly under market you can get picky and take the most well qualified tenants.Just like buying a house tenants in good standing want the nicest place they can find for the best price.

Come over when they are not there and open the door  and let the animals out .  

You can go after multifamily buildings that are at 50%.Buy with cash and turn around and hold long term for cash flow.You can refi the equity out tax free to pursue more properties.When 50% occupied you can turn around some rentals with cash coming in.Multifamily short sales are good because generally by the time a bank takes REO it is vacant or near vacant and too much damage has occurred.For example buying a property of 100 units that is 50% occupied and paying say 10,000 a door for 600 in rent and needing 3,000 a door in repairs is better sometimes than buying a completely vacant property for 4,500 a door but needing 12,000 a door in repairs with no income coming in.With your 5 unit built in 1925 how much land is that??

They usually get tacked up on the door.