Right now though I am desperate to get started in REI in any way, shape or form.

I like when  contracts say that the property should be in the same shape it was at the beginning of the lease, minus reasonable wear and tear.

For example a 4-plex in great shape was selling for $160,000?

Worst case scenario, you have some extra equity in the property with a fixed rate loan and don't have to worry about the rate going up later on...and if that's the worst case then you'll be in really good shape!

This means I can tell the tenant to shape up and can follow the legal steps to write them up if they dont comply and then evict. 

So if your subject said his multifamily is in rough shape and is at half occupancy, then I would look at comps that sold in poor condition.

Thus far we have discussed local trends, wholesaling, investment strategies, explored a deal with fire rehab, discussed out of state investing, and have had a few laughs too.I’d also like to mention that this event is free, but there is a lobby bar (happy hour 4-6) and restaurant attached if anyone is hungry/thirsty.

I am looking to find an invested real estate agent that knows these areas, market trends and understands what it means to invest in multi-family houses and has personal experience.

One bed, one bath, 550 sf costs about $250 for a move out cleaning including washing walls, baseboards, windows, heavy stove/fridge cleaning, bathroom and kitchen in normal albeit dirty shape.  

We remain optimistic that this trend has yet to peak.