I like that approach.It's conservative and gets you the solid financial foundation you need.

So its actually cheaper in a lot of regions to use CMU vs wood.

My first purchase was 6 units which I put in cash and then worked to refinance, but most banks I talked to wanted a year of seasoning...there are different banks/bridge loans I could have investigated to change that, but what I'm getting at is make sure you have a solid plan for financing/re-financing in place so you don't hose yourself with a bank saying we'll only refi on LTC not LTV.And like @EdwardLiu said, never believe the seller.Cheers,Brian

You need a solid lead management / answering.

You bring up a solid point.

Jess Wood

@Matthew Pearson, Sounds like a solid deal.  

I just bought a duplex in Everett last year and it has turned out to be a solid rental.

Also, there's  a tiny bit of some non-wood destroying fungus in the crawlspace.

If I'm listing a $6M property in a solid secondary market I'm not trying to sell it to the local investor who is only willing to pay $5.5 for it.