It reminds me so much of red Bank New Jersey 20 years ago.

We’ll go into all the nitty gritty details and war stories (including a gas line excavation scare, crazy neighbor issues, city politics and a bamboo forest nightmare, to boot) so that it hopefully helps you prepare for your first or next MF deal.In one of our first multifamily acquisitions for Akras Capital, we encountered nearly every situation you could imagine - but we learned so so much and now we want to share it with YOU…In this article about this 5 unit acquisition we’ll cover:Investing out of state and how to source off market Multi-family deals in a red hot marketSeller Financing - how to close with little money downHow to find hidden equity and squeeze the most value of our your business planAll the ins and outs of the BRRRR strategy and how to achieve infinite cash on cash returnsHow to develop the right team and select the best property manager so that scary situations get handled without midnight phone callsHow to know when you should exit and sell the assetThe overall quantitative summary of the investmentBought the 4 unit+single family deal for $348K, with a $5K down paymentInvested $88K in repair costs for both buildingsSold for $658K$175K Profit, after sales costs in 18 months350% ROI* based upon initial cash investment of $50K, used for acquisitionFinding the Long Distance Deal - Building a Network that included WholesalersWe started Akras Capital in 2017 to acquire multifamily properties and focused on Spokane, the second largest city in the state of Washington.

If so repoint that stuff and collect your rent.Fractures through brick (as opposed to along mortar lines) is typically a red flag for stability, but as it is a veneer, that isn’t as big a deal.Make sure the veneer is plumb.

I've never inherited a tenant with a property purchase, nor have I served an eviction, but I am faced now with the prospect of buying a good property/location where the tenant has a few red flags. 

I'm pretty sure the tenant you just evicted had red flags.

Then again asking about it could raise red flags but if you explain it as a commitment you have to your investor maybe it could carry some weight.

The market is red hot in CA so patience has proven to be my greatest asset in acquiring my deals. 

Bold move.what are your goals?

My roofer is having me sign some paperwork and on the Bond paperwork there is this huge, "YOUR PROPERTY MAY BE LIEND" jumping out at me in bold.

@Scott Lepore if you would like to see here are the details on my first BRRRR I learned a ton throughout this process and made a lot of mistakes but I would do it all over again, we currently have this property listed for sale at 259k (our market is red hot being just 2 hrs outside on NYC) when we sell, we will pay off our loan and get into another property.