I decided which tenants were the keepers and which were less desirable.

I have a desire to learn more and invest in multi family units and am looking around the Southern California area.

For highly desirable units you can get more but they are few and far between.

The reason I did this is because I'm young,  single,  live pretty simply, it doesn't disrupt my life too much to pick up and move, and the property was in a desirable location so I knew it'd go quickly if it went to open investment.  

Long before finding BP, a friend of mine called the out of state owner to inquire about his desire to sell. 

As one old man of Babylon instructed — If you would desire to know the truth about sheep, go directly to the herdsman.

hi bp'ersi am trying to find a loan for 90,000 but my debt to income ratio is a bit high as i've been putting most of the profit from 14 units back into them. i've aquired them in the past 2 years so it's been somewhat compressed. they're all rented and i'm pulling noi of approx 2500/month.i have 30k cash and i'm looking for help. this would be for my primary residence. believe it or not, the house is being sold by my ex and i don't want my kids to have to move so i waould just move back in once she's out. the house is in a top school district and in a desirable location. it would definitely appraise around 120k.thank for any help!

I don't think one is better than the other because everyone has different reasons for getting into real estate and it may be a little more difficult for you to find a team that can support your desire to work with investors.

Surely being an investment guru yourself you know these less than desirable alternatives.

Part of the reason why new construction is not generating the desired returns (4% to 7% if you strectch) is because of escalating construction costs.