It sounds sweet but what if she has a change of mind after you fix the property.She may decide to continue to live in it even if you are deeded onto the property it does not gaurantee that she will sale.

It would be a sweet setup if you could pool resources to increase purchasing power and still take advantage of Fannie Mae subsidized financing.

Here's a thought for you, research the area you are looking to invest in based on your risk assessment and then study the numbers in that region.All of these "rules of thumbs" are not always reliable and sometimes can get you into trouble...in a hurry.Start with Knowledge of the USA Real Estate Landscape, Laws, Regulations, Processes, etc.Do your Market Research based on your own Feasibility Study to determine what your Region sweet-spots should contain and not containBuild a Local Team to advise you as to specific matrices (Vac Rates, Mgmt Rates, CAP Rates, Mtx/CapEx Reserves, General Expenses per SqFt, OER baseline, etc.) to use.

But you could have really picked up some sweet deals there a few years ago.Personally, my husband and I have been buying multifamily properties in other states (AZ and CO), for 2 reasons: better cash flow, and more landlord-friendly laws. 

Sounds like you may have found yourself some sweet savings though!

Hi BP!!Looking for some help checking over my numbers for this deal or no deal. This is large higher-end home in foreclosure.Price/offer: 200kSQFt: 4,500p.psqft: $44.5!8 yrs young!Repairs- 100k (with buffer) Has an ea...

My thinking was if i could avoid the 6% commission, that would add a little sweetness to the deal. 

Sweet.

So I would not consider moving away from SF because I currently live with my gf in a sweet deal for the city, in a condo that she owns.

I'm looking to try a different approach to find those sweet deals.