In contrast, out of a population of +160 A Class properties our clients purchased from us, 5 tenants that are delinquent on the rent will be evicted if they do not catch up.

Buying now in many areas may be a matter of trying to catch a falling knife.

Zillow pulls that data from the recorder's office (public information) and Zillow classifies those properties with lis pendens filed with the recorder's office as preforeclosure.During preforeclosure period, the homeowner typically has a certain amount of time in which to try to catch up on past-due mortgage payments plus fees, sell the home to pay off the loan, or work out an alternative to foreclosure with the lender, like a mortgage modification, short sale, or deed in lieu of foreclosure.Like any other property, a preforeclosure may or may not be a good deal.

I’ve been reading everything I can and listening to as many podcasts as possible, so I’ve drank the cool aid and ready to catch fire.

They are being listed by the original developer, though they want to sell all three together.The catch is that each is on its own tax lot and my lender insists that I would need separate mortgages for each due to that factor.

Thanks for catching that. 

They want to sell as a package deal for $215,000.Here is a catch.

I guess we're still a little less expensive than San Diego and the Bay, but we're doing our best to catch up ;) If you're looking for multifamily however I have to warn you that there simply aren't very many of them that come up for sale here, and when they do the price to rent ratios aren't what many investors that follow the Bigger Pockets "Cashflow is King" mentality are looking for.

@Jason W. screening is important, but you won't necessarily catch these types of tenants with the objective criteria that a screen would provide.You'd want some clause in your contract which allows you to terminate the lease if they're being unreasonable, or at the very least limits your responsibility to make reasonable repairs only.

I'm not sure 2021 is going to be the year we see an inflation in rates, but in the long-term view I don't see how the rents do not catch up to the price increases.