You can for sure find 1% in northern Ca in a fourplex and bigger.

Let someone else take the hit.

So at this point the bank would have to take a 60k hit and sell at auction for 200k or sell it later through a broker and hope for a higher number to recoup the 60k + 200k?

Small multis in Houston are hit and miss. 

Hit a homerun on your first deal and haven't looked back?

****By tested I mean, I get a number from the spread sheet, put an offer in on a house, and then the loan adviser tells me what my payments will be...including P&I, Insurance, and Taxes...if my numbers don't hit to the penny...I MADE A MISTAKE AND NEED TO FIND OUT WHY.There's an arrogance to running your own numbers, you have to KNOW you are right, and then obsessively crunch to find out why you're not.I look at my spreadsheets every day and ask how I F'd this up.

Historically there's been preditory sellers typically in the Northern cities buying up old wrecks selling on contract for deed and work for equity. 

I am a new buy and hold investor in northern Indiana. 2 months ago I purchased my first property - a duplex, and I used a conventional loan with 20% down.

@Deepak Kumar, I live in Northern California and closed on an 8-plex a week and a half ago and am in contract on a 44 unit in Tucson as we speak, so I can’t speak from experience as of yet but I agree the Tucson market looks good in my opinion.In regards to job growth, Caterpillar is moving it’s headquarters to Tucson (google caterpillar and Tucson) and Geico is building a corporate office there.

I retire from the Marines in 2019 with plans to relocate to northern NJ.