Crap, my lender charging me $500 for a 1100 sqft single family and I thought that was BS. 

She then offers to buy Bobs house for $25k below his asking price, & tells Bob that if he agrees, he can have the suitcase full of cash right here, right now, & sticks out her hand to shake.

"It is understood and agreed that a single violation shall be good cause for termination of the residential lease.

The house it set up as a two over two.Tenants currently in place and would like to stay.Property cash flows nicely and the rents are below market value so there is a value add play there as well.Anyway the title report came back and the property is listed as a single family home and also is CO'd this way.However the property was advertised as a legal two family and the town assessor is currently taxing the property as a two family.Two separate meters as well.Everyone involved including my attorney, agent, etc seem to not have the answers for me.There are no rental permits on the property either which are required in this town.Seems to be a lot of mixed information that has me considering to pull out of the deal.Anyone have any experience with this?

6% means you will be almost fully rented (to me that's too low for a single unit.

You telling me you will be paying 10% of your cash flow to a company and the company did not lift a single finger for that month.

Hello fellow BPersSan Jose CA is now making it easier to start building "granny units" in backyards of single family residential properties.

I just shake my head...I have had to cancel two deals on single family homes that I was going to live in while renovating because of the same issue.  

I won't be investing in the riskiest/most supportable asset subclasses such as hotels, and tilt my portfolio the ones that have historically been more stable such as multifamily and single-family housing.

You have a goal set of $1000 free cash flow per building, this will be a hard number to hit in a single family or duplex but should come easier in a tri-plex or 4 plex.