Apples and oranges.

FHA just lifted their 90 anti flipping rule, at least here in CO.

Maybe the tenants can lift a shovel...2) Is my mortgage rate of 6.75% for 30 year fixed on a 4-plex reasonable?

It is a better way to compare apples to apples and take financing differences out of the picture.

I worked 2 jobs for much of my "productive" lift.

From what I have seen the market for these has not moved too much, maybe they're selling for a 7-8% cap now with 20% lower revenue (rent reductions, or more occupancy), versus a 5.5% or 6% cap before.I agree with economics fully, but there seems to be a group of large pools of money that like to plop their money in nice California apartments and live with a lower ROI.So if you have cash and can find a turn around situation for an apartment it seems like a good idea, but buying at market, I wouldn't do it.It is bad of me to compare the investments as it is apples to oranges, but I know what I'd do with my $$ in California...

I can tell you that it is a huge proposition and your best case scenario is to have the house lifted of the foundation, have the foundation torn out and replaced, and then set the house back down on top of the new one.

You have to compare apples to apples.@ Curt:When you send an investor buyer properties, what due diligence do you have to support your numbers?

My unit is in Virginia, but a charity offered to install a stair lift chair for my tenant and needed my permission.

As for the plans, nobody will tell you when and to who you will give it to, but it is best if you get multiple bids, if you plan to micro manage it, get bids from subcontractors, if you plan not to, get a GC, only one system, so that you will be comparing apples to apples.