Houston is a little tight but there are still some good opportunities available.

I'm not exclusive to these areas and open to other towns within a 2 hour drive of San Jose that offer  these kinds of opportunities. 

I'm looking to expand into some multi-unit properties but am open to all opportunities. 

If you intend to wholesale you really need to know that info so you can make sure your ARV is realistic so you buy at the right price and leave room for someone who will be doing the work to make some money also. 

They are not friends or relatives and often do not receive gifts from their "land-lord" as intended. 

Get notice in writing if they intend to vacate.

So - in a frothy market (multi-family/duplex/triplex rental opportunities) regardless of area - should you pay up to get a deal (over asking) or find something less popular?

Not only was it a great opportunity to meet with so many other like-minded people, but an excellent chance to hear some really useful information from the keynote speakers who are obviously very experienced and quite successful in their field of endeavor.

Do you have an opportunity to back out of the deal if something occurs? 

I'm happy to hear you are looking to invest in Philadelphia, as it is just swarming with opportunity to develop and invest.