NOT because you don't want to be honest, but because real estate allows you to get around all of the road-blocks IF you know how to find stellar deals, and how to present those deals to people with money.

We have 200k cash, 250k in equity and stellar credit.

If you see ads for 30 year fixed mortgages, assume those are for OO borrower with stellar credit and low DTIs.

If it's one legal description you can count as 5 units or above.They are some commercial lenders who will do if separate legal descriptions but the properties have to be together and the lenders are few and far between.As gar as tenant inspections.Many times buyers just say insurance inspectors to take pictures so it doesn't spook them.If the seller has been a crappy landlord they won't mind new blood.If the current landlord is awesome and their impression of you is not stellar they might high tail it out the door.If the landlord has been self-managing it will make more of a difference.If property was managed by a company and you keep that company not much will change for the tenants.

., significant capital, stellar credit).

I feel like I have a really good thing going here and I want to try and keep it stellar.

And keep the phone number and contact information of your old landlord, the seller, so you can get a stellar recommendation.Best of luck.

The deadline is May 16th, which is fast approaching, but I think I have my team in place to make a stellar proposal and possibly get selected.

Yes it can be done but I think they are all saying that it may not be a good Idea because they may not be stellar tenants.

Stockton and San Bernadino are less than stellar financially, and raising taxes is one solution along with reduced services.