Definitely difficult to do and I've heard from some Jersey City people that the zoning board doesn't do those anymore but it's worth a shot especially if it's an above ground basement.

The purchase price will be based on the current NOI and market Cap Rate. 

It's VERY difficult to find any rental out here that hits that 2% mark.

October - February can be difficult.

Do you find it difficult to find tenants if you don’t offer a 1 year lease?

I've been trying to figure out how to get it for myself but the lender I'm working with has been a little discouraging saying that it'll be pretty difficult to justify moving from a single family to a 4 unit when working with the underwriter.

They are not going to let you loose their money.Make sure you use a reputable title company.Understand the higher the cap rate the higher the risk.Make sure your property manager is a licensed real estate brokerage.

I don't know that there's the same chances of appreciation as in the northern parts of South LA, but it seems like the cap rates in Compton and Lywnood are better than elsewhere, and there are some deals available if you are willing to do some rehab.

If it’s difficult to find that, be patient, look harder, and be creative.

I’ve bought multiple houses with 20k all in, but 10k is going to be difficult.