Maybe make the seller some low offers and then try your idea with the city?

The more perspectives on the same problem, the merrier.My wife and I do self-managed low-income landlording in SFR and duplexes in an urban area with tight streets.

unfortunately, the big problem is labor.we invest in the city over 2M$ and this is still our big problem.in the last year we did 20 single family flips and 4 buildings, project are delay in time and some contractors are running with money also playing games, taking so many works together etc... 

I’m pretty sure it is illegal in city limits with $500 per night fines.

Sunset Grove is down the street!

Recently graduated and looking for a small MF in a new city.

In certain cities, it is very expensive for water service and some charge every month even if the usage is zero.

Funny thing is the bank's appraisal always came back the same exact amount as the city regardless of purchase price.

Here's the question: Is it a red flag if you find a city that has many multi-family listings that seem profitable, but has A LOT of listings city wide?

how do I determine which market to begin my real estate investing strategy - seeking small multi family units with positive cash flow of $100/unit of more