Multifamily is overpriced in Lincoln right now and has been for awhile (but who knows, might look like a steal compared to Portland).

I put $130K of MY RETIREMENT into these crooks and look what it gets me.

Even if you steal that for say 200k, you are not likely going to hit 4k in rent on it......  

Junkies broke in to steal all of the copper wires.

Unless this deal is a steal, I personally would not offer to pay any extra closing costs for the seller unless they came way down on the list price.

Thats who you have the problem with, remember it's not the bank's fault the landlord was pocketing/stealing the money that was suppose to be going to the lender.

You never have control and are always dependent on the decisions and actions of others where if you personally own and control and investment you will never cheat yourself, nor steal from yourself. 

(And is where you'll see whether you got robbed or not. ) As far as stealing, nobody takes furniture.

I've heard people on the podcast list Ken's book as one of their favorite RE books. I borrowed it from the library a long time ago, it may be time for a refresher.$1.99 kindle version just came across my notifications.

So I agree with you that not everyone is a crook, but that is something to look at in the due diligence.I really do understand dirt out of state, I have no idea why someone would choose that over doing properties locally, as if they don't have any properties locally.Seems like all you're doing is going on the hook on a property you are relying on someone else to manage, etc. there are better ways to invest.What happens if your property manager in Tim-buck-too, 800 miles away gets hit by a bus?