Well take Marin County, I would find a fixer upper at a million or a lttle less, put $100-150k into it and sell it for $1.4-1.5M in 90 days and net $200k+ or so, Do that 5 or 6 times a year and your very comfortable.

My education level is coming across, but I still need a few more months until I am ready to embark on my own journey.In the mean time we will work diligently on decreasing student debt, cc debt ratio, and other open loans.If anyone can assist me in gaining a mentor I would be very appreciative!

All ingredients for higher price per square foot when building new.When deciding whether to buy an existing 4 unit, 12, 16, 20 or whatever, break it down to the unit level. 

George,First the number 550 a month in rent.Let's break it down.For the area does the 550 offer first months rent free or half off or a waiver of security deposit.If that is what is a happening with competition for the area then rent is not 550.Let's say it is 500.Now look at the 500 per month.You will need to deduct your rents for crappy stairs to walk up,a sloped parking lot,no amenities,if you do not have a washer/dryer place for hook up etc.Your rate will now be considerably less than the 500 others are charging.If I am a tenant looking for a place I want the level lot,ease of walking into my unit,do not like tenants above me,ample and level parking,amenities,place to do my clothes.Buyers on resale will more likely want a 12% cap.I look at a lot of apartments for clients.This one to me is a pass.It has too many negatives going for it that make it hard to rent and retain long term tenants.Again that can be solved by a below market rent rate to make up for the problems it will still have after rehab.

I only have 1 house, it is the upper unit in question.

Each person must find his own comfortable level of debt.

Management fees, rents and rent levels, marketability by area, # of beds/baths/units and maintenance are known estimates.

If you sign it before closing, you would gain new rights in the property at closing which you would still have to Quit claim out.3) Since you are asking I presume you do not have a comfort level to create your own contracts.

Same thing here, upper and mid-range properties are getting multiple contracts, on nice ones.

Soon Ill be cold calling them, for a higher level of abuse. :-)