I have seen this over the years many many times especially Atlanta area.. there is a sweet spot in that city at 1.3 or so and under.. you go over 2 mil and if falls off a cliff 4 to 5 million very tough... think about how many homes in Oregon sell for north of 4 million.. its probably fewer than 4 or 5 a year.. unless they have substantial acreages with them as in ranch's etc.no dog in the hunt of course.. but you guys should take the mid 2 offers if they are real close and move on. if it gets all your principal back or at least 90s of it that Is better outcome than most HML deals that go bad and go all the way to OREO status.

The Sonoma and Napa building departments will be overwhelmed with applications and good luck finding a contractor in the next 3 years.So if you're thinking about buying some of these burned out lots - as I am - you need to have substantial capital and be willing to wait possibly 5+ years before you'll have something to sell.Interested to hear other people's takes on the situation.

Accordingly if the accommodation is a ESA that person must provide evidence the have an emotional disability, the disability substantially limits them in one or more life areas, AND that the pets help them in that/those area.

The floors are substantially out of level  (approximately 6"). 

I have had experienced investors with 20+ years tell me they would never touch multi family, and others tell me they would never touch single family.The folks that don't like multi family say that it's because their turnover is "constant" and the expense ratio is "substantially higher".

However, we could make loans to a non-disqualified person who is also buying rental properties.So I got to thinking about a criss-cross arrangement...could two unrelated people building rental portfolios who also have substantial funds in their 401k or self-directed IRA invest in with each other?  

@Anthony Varela it's not a one size fits all answer. it depends your overall financial situation. you will not want have negative cash flow for sure even though it's in a class A neighborhood with tons of appreciation potential. a lot of investors got burned play this game in the last crash. a $500 vs $100 cash flow ($50 is too low in my opinion) really doesn't make much difference remember your end game is appreciation, cash flow is really icing on the cake. but it will make a big difference depends on how much reserve you have and how much other income you have when raining day comes. the key is to be hold it minimum 10 years by then both rent and property value will go up substantially yes they do go up hand in hand you will be in the position I am in today.

Appraisals were lower than comps in the area, communication is terrible, and the amounts we were supposed to bring to closing were substantially greater than amounts we were told prior too. 

If I were to get 7.5% on the contract and get a rate of 5.5% or so on my loan, their $170k loan at 7.5% would be substantially more than the loan I would carry if I were to get a loan at 5% for the lesser dollar amount. 

The tenant has caused substantial damage to the apartment;2.