I'm a Marine and I would say a vast majority of my peer group is perfectly content spending their entire monthly paycheck each month living large.

Since so far I have six townhouses and one apartment based on capex this model won’t work for such land focused properties .a capex floor sufficient to cover the mortgage.

If you'd like pricing that is similar to clark you'd have to go out to san bernardino county  where a fourplex is still 550-700k.One downside with FHA and 3-4 units and the subject is severely talked about over and over here on BP is the self sufficiency rule.

@Alex Saepharn I agree with @Clayton Mobley as there is a vast difference between returns on paper and actual returns.

@Pramod Yash, alternatively to the DST or other entities, you can form a California LLC, have that LLC qualified to do business in Texas or Missouri or anywhere else, obtain sufficient insurance, hold title in the LLC, obtain financing with the LLC, and not worry about these issues for a while. 

I am trying to be very on top of my transactions for tax time, and wondered if lumping all "closing costs" for each transaction is sufficient for tax purposes, or if I need to separate each transaction (appraisal fee, credit report fee, third party processing, lawyer fees, survey fee, title search, title endorsements, Lender's title insurance, settlement fee, tax certificate, recording fees, transfer taxes...... etc, etc, etc...

They can fill you in on all the details and they will have access to a vast network that could help you.I would offer to help, but I don't deal with rentals at all.

That said, there could be additional amounts owed on top of the auction amounts, such as delinquent hoa dues, irs liens, child support, taxes, etc. etc.My advice to any newbie is to generally stay away from auctions unless you are partnered with someone who has vast experience underwriting these deals. 

You need to make sure the only people in the properties doing work are vendors whom you have approved & who's work you know will be sufficient.

Looking for something at a low price point since I'll only be using a for a few minutes at a time, but something with sufficient image quality to get a good sense of a roof's condition.