He said his firm handle the legal process for a lot of the student housing that has been popping up everywhere in Tuscaloosa.

Obviously it doesn't make sense to you at $4.5MM.. but if $3.4MM makes the building fit into your criteria, it may be something to consider. 30 years old at $186/sq. ft. with 10 short term, mom and pop leases doesn't make sense to me, either.Best of luck!

As you type Google has something called "predictive search" in which a little drop down menu will pop up as your typing and try to predict what you want to search.  

I'm definitely trying to focus on the first but this question kept popping into my head every time I heard someone on a podcast mention getting multiple loans in quick succession. 

Reason I am asking I just stated and interested to get something in the south and Greenville/Colombia popped up couple times..but never been there or have no idea of the market.

And I probably second @Kenneth Reimer's advice about raising them a little more slowly than coming in and lopping everyone's head off with The Mighty Slumlord's Broadsword of Poverty (+50% to tenant rent, -50 karma per attack, +5% city homeless population).As far as the trailing 12, full rent roll, and expenses from previous owner... plan on it but don't count on it. 2-4 unit multifamily is often a mom-and-pop operation and the lease agreement could be something as simple as a hand shake.

Hi all,THere's a property that popped up on MLS today in the dfw area.

Doesn't mean I am going to start carrying a gun around my kids because they pop off at the mouth about chores, lol. 

I have a mom & pop operation and need to get organized fast.

I told them that I network with investors at REIA's and might look to go with a few partners if the right deal pops up.