Quote from @Torianne Baley: Hi George,Do you mind sharing the lender you found who accepts the 500 credit score and will loan $300k There are lenders out there but the risk is very high so your rate will be 13-15% plus the loan to value will most likely need to be less than 60% (or even 50%).

Sellers rarely mind the low deposit and extended closing period due to the nature of the property, or at least they can be made aware of the fact that their lot has issues that will take MY time and MY money to solve and then they come around.My terms on the flip are: Minimum 10K spread between purchase and flip value.  1-2K deposit upfront to hold the property for 7 days then the deposit becomes non-refundable after the 7th day and the buyer has the same amount of time that I originally negotiated with seller typically 8-12 months(its a purchase contract but because of contingencies its essentially an option).  

My hope is to build a strong network of like minded investors and real estate professionals that share similar goals, values, and experiences to help achieve successful REI deals!

To give you something as a reference based on your budget (30-40% down with $1.8M), the general cap rates you will see in the Bay Area are roughly 3-5% https://www.loopnet.com/Listing/1047-Rich-Ave-Mountain-View-...https://www.loopnet.com/Listing/1180-Saranap-Ave-Walnut-Cree...You will find higher cap rates and more 20+ units buildings in SF, Oakland, and Richmond, but keep in mind of their stringent tenant laws. 

Do you mind sharing who is your eviction attorney?

Quote from @Jonathan Greene: There are so many new operators in the STR field now, and the questions about certain things are mind-boggling.

@Jonathan Greene I don't mind them generally but when they raise huge amounts for syndications that go south that is another story.

Multifamily is top of mind since it provides a mix of efficiency and long-term growth.

Keep in mind the 3 main ways you make money (cash-flow, mortgage pay-down, and market appreciation). 4.

Do you mind sharing what your Craig's List post looks like?