Hi @Fred H. and thanks @Douglas Dowell for the shout out,Stay away from distressed sales with sub2, look for low equity deals that are not behind on payments for sub2, lease option assignments and wrap - aitds.A great attorney for distressed property is http://eckleylaw.com/ourfirm.aspYou are only as good as your RE team in distressed property in CA, lots of consumer protections.See http://oag.ca.gov/consumers/general/foreclosure_sc...My Ca bus modelsub2, lease option assignments, and wraps on low equity current dealsall cash for delinquent deals, negotiating delinquent secondsinstallmet sales on free and clear housesAll no banks, using seller financing or private 1st mortgages

These past few weeks I have been just consuming as much information as possible and learning as much as I can, going through all the trials and tribulations of a "newbie" but have expedited my knowledge through bigger pockets, and for that I'm thankful.

In the future, if I go MF, I'd probably opt for 15 yr fixed due in 15...I'll just need the ability to absorb the neg cash flow!

Ally tried to hold a deposit of mine for 21 days once and the chic quoted some law saying it was mandatory, I looked it up, read it to her (and it was pro consumer, not the other way around) and she still couldn't figure out what she was saying was total BS. 

Hi Brian,I am not sure if "Podio" has a language option, but it was discussed on a recent BP podcast and it is available at no cost.Worth checking out.I believe it is cloud based so they may be more efficient way at adjusting to consumer needs.https://podio.com/

Also be advised that if you sell to an owner occupant, the loan is governed by Dodd Frank and the Consumer Finance Protection Bureau guidelines now in place. 

Private college maybe tougher but the positive is they are more expensive and often students opt out of the dorms for more cost effective housing.  

And even when it's not, it's time-consuming.

Basically I am questioning why anyone who can afford that much for rent will opt not to buy instead, especially since the mortgage will be much less than rent.

One-of-a-kind (used to be called custom but that term has been co-opted by production builders); building something that's never been built before... and4.