@Andrew Jessup It's extremely common for the family trust to initially own the real property and then to transfer ownership into an LLC for additional liability protection, with the LLC owned by the family trust. 

Another difference is the difference in marketing channels.  

I know its the opposite here and Section 8 is FAR larger in those markets than it is in the PDX market ..

These are the largest markets.

When I wanted to sell it, I realized that I was so clueless in market research that I bought it above market rate, which hasn't changed since then.

Hi everyone, What neighborhoods or other micro-markets in Buffalo, NY offer lower entry price points ($150,000-$350,000) for multifamily homes (2-4 units) that have a higher chance of monthly cashflow? 

This hands-on approach could also give you more flexibility to adjust to market conditions, like listing at the right time.Lastly, even though you didn’t invest your own money in the deal, building relationships with your private money lenders and owner financiers for future deals is key.

Additionally, we like to look at rent trends over the past 5 years, average leasing times, % of homeowners to tenants for the market as a whole and specific neighborhoods, tax structure for both properties and income and affordability. 

Study the market.

I found this deal on the MLS and paid market value, I even increased my offer to get a concession from the seller to reduce my cash out of pocket and buy my interest rate down.