Maybe you could pre-qual him and line him up with one of the 6 off market 2-4 units you drum up per year, that seems like an easy solution and an easy sale for you. 

Over 20 years you'd likely roll your money up into 3+ exchanges, deferring all tax and making that money work for you. 

Get a rent roll to determine actual rents received.

You know, the more I read this thread, the more I realize there was no benefit in having pre-tax dollars directed at a stock market that is in another bubble.

Sellers may see this as beneficial to themselves, and believe that buyers will build these pre-disclosed facts into the contract price (and thus sellers may be reluctant to provide any credits for these defects).The buyer elects to perform inspections on the property as agreed upon in the contract.

I rounded up just for ease of calculating, and even at that slightly inflated base the return is over 9% pre-property tax, which is much higher than the 2-3% pre-property tax yield around SF.Which begs the question: Why aren't more investors jumping on these? 

You could sell a few of the lower performing properties or in the worst locations and roll that into a larger MF deal that us professionally managed. 

I was pre-approved for a loan and with all the interest, insurance, and principal the loan will be about 2250 a month.

Look at utilities and rent roll, is current landlord paying utilities?

But my real estate agent is asking me to show her a pre-approval letter before she'll make an offer.