A creative option may be buy the 4plex first and develop a relationship and purchase the other parcel later once every goes well, but then I would need to refi with traditional loan to have all 6 under 1 loan at the 5/10 year option.

I guess I could get hurt a bit if rates are high when that happens, but in a 'crash', the Fed is going to bring rates back down.4) The real threat seems to be in overpaying for a SFH or MFH in a market with less than stellar growth prospects. 

Lately ive been wanting to learn more about developing and building residential and multifamily properties.

For example there is some cool development going on in the south part of that zip code, but other areas are rough.Let me know if I can be of any other help.  

Hello,Has anyone attended one of these free "Learn How To Build Your Real Estate Investing Business" seminars conducted by Ocean City Development? 

Last night I showed it to my first prospective tenants and am realizing that I made a ton of mistake already.

I'm a seasoned investor/developer from Los Angeles..

It is important to be able to analyze the trailing 12 month financial statement of a property and take a deeper look at the loss to lease by examining the rent roll.Ideally, you are lucky enough to have an excel version of the rent roll provided to you by the broker or the owner you are interacting with on your potential acquisition (or.. if you or someone you know is developing a character recognition software that is able to read a PDF version of a rent roll and convert it to a nice, clean excel version please let me know!).

@Eric James You see, when you develop relationship with an agent, you can do that.

HOWEVER, I soon learned that prospective tenants are a dime a dozen.