The great things about O.C. specifically are:Very low unemployment rate (4-5%)Broad based economyHigh average household incomes (means qualified buyers/tenants)High demand for properties (helps drive up appreciation)Perfect year round weather (draws tourists all year)The ocean!

I've interviewed thousands in financial matters and other investigative research, you develop a style that draws comments and opinions that indicate who you're dealing with.

When you get into true 10 caps you are entering areas where you will have to really work for that yield versus type of tenants you encounter.There is a line every investor I work with draws in the sand versus returns and location they feel comfortable with.Where you buy this multifamily is critical.Pro-landlord or pro-tenant state??

@Nicole W. undefinedHow do I take vacancies into consideration numbers wise?

The terms are already set in the option to purchase, price, concessions, option consideration paid etc.

When we were discussing the improvements with the accountant, she stated that we should only be including the improvements done since it was made avail. to rent (several renovations were done) for depreciation considerations.

We don't expect to draw Social Security, we don't have a retirement plan through work, no IRA, no 401k, no stocks, bonds or mutual funds.

Just because it's family doesn't mean other things can't happen where the loan could be examined and disqualified as an arm's length transaction.The note isn't filed, in the note stating the payee, you could say Mary Jane Smith and Tom Smith (H&W, Tom Smith brother of Holder) and I don't know if same names are involved or not, it's not necessary and it could draw other unwanted attention.

Or, are there any financial considerations that a tenant has to look when determining if its really cheaper to move?

The top sellers hire other agents and they may offer various arrangements, some may provide a small salary for support wok or a draw on commission is also an option to get started.A contractor can usually find a spot for an agent, so can other RE related operations such as starting out with a title company, your RE knowledge doesn't have to be in sales.You can usually find a mentor in a large brokerage, many will take you under their wing, but expect to split commissions too.The best way for a new agent to grow a business is to explain to your family and friends that you are in RE and that you need referrals.