Hi BP,Recently I have increased my net worth (through my equity position on a property).

Hi Dmitriy I had two options:1-lend to allow them to pay back original investor, which would be interest only payback including capital at end of termor2-equity position whereby I put up $xxx to allow them to payback original investor (no interest paid on lent money) with equity income (rental).I chose option 2 for the income so it would be part owner.As with previous deals (Mortgage Notes) my IRA was on the deed and a promissory note was created as a result of the lending with a mortgage.As I read your questions and write in response I am now wondering if this is typical.

You can also get owner financing a s a first or second or other mortgage position.

I'm in Saratoga, nothing would come close to positive cash flow here...

So cash position is important.

@Lauren Perry great questions, and good position to be in. 

I’m currently working on improving my financial position as to be ready to purchase a small multifamily property.

It is incredibly common for properties in your area to go for over asking2. you are confident it will still appraiseor3. you are comfortable with and ready to compensate the difference between the appraised value and your offered amount in your down paymentI don't think hoping the appraisal will come in low so you can negotiate down after the fact is a solid strategy or a strong starting position.

The property is a nice, well maintained property in a nice part of town.

You won’t make as much per door as SFH but there are other positives.