Is this the general practice in the area.

I wonder if there are any online discounts like for example lowes you can find online 10% discounts.

.- I may be too practical to let myself purchase a mediocre deal and I am not interested at all in a bad deal.I realize this is an emotional and impulsive desire to have something flashy instead of another safer, practical rental, but I want to hear from you guys: Is it possible to find a cheap beachfront studio and make enough cash to consider it an investment, or would I just be throwing money away for a slightly brag-worthy deed?

Assuming you don't live in one of the units, you'll likely only be able to go up to a 75% LTV on a MF.... or at least that's all I've been able to find while talking to lenders and researching online.

I use an online property management tool to manage it that I have found to be helpful.

You had to pay $99 a month to have access to the office and some online platforms.

Go online and check the Franchise Tax Board a d IRS to get detailed info on what you can do.

I found him online and will give him a call. 

Taking legal advice from the Internet is a questionable business practice.  

This just happened to a fellow investor who's tenant abandoned and damaged the unit--he used a lease he found on line and was unable to go after the tenant for damages.