I love sub2 and would do more if I could find more solid deals.

Even if you put them in LLCs, even if LLCs offered the rock solid protection the gurus claim, you would still be exposed if you manage them in any meaningful way.

The lender will do their own appraisal and counter the price offered generally to the apprasaised value.In my opinion and experience short sales are a waste of time to chase unless they just fell out of escrow and the short selling lenders approval is based off a old value and you can swoop in and get a deal.TL;DR short sale listing prices are mostly fictitiously low, subject to the short sale lenders appraisal and approval.

If you purchase one in addition to that, it could be a waste of money (aside from piece of mind) as the bank's appraiser will produce the report and value they find.

Numbers look solid, if accurate.

But I feel like without having a solid team in place, or at least another seasoned investor who lives in the area, I would be gambling with my money.

Hi,I have worked on Apt commercial properties to get them under contract with attractive CAP rate, solid ROI with add value strategy, presented to investors and received positive feedback.

Mature and stable enough to respect your property and pay solid rents.I would be happy to share advice anytime.

Hello again BP,I am looking for some seasoned Multi Family broker/agents to assist in locating me some solid investment properties.I have about 35k working capital, and was preferring to eitherA) Purchase 25% down multi-family properties in Las Vegas or other high ROI areas.B) Purchase 3.5% FHA Southern California property and live in one and rent the otherLet me know if you guys could recommend anyone!

I feel this would be a very solid investment based on location, condition, ability to upgrade...oh and its only a block from my house (which I'm happy with).