I’ve dealt with a couple companies that would only do cash out refi’s If you owned it 6 months or less after paying cash. 

That being said, with multifamily properties (at least with those over a couple units), the value is derived from the cap rate (net income / Price) as how that compares to similar multifamily properties nearby.

You will probably have to make ready 90% of these units when some one leaves.After doing my first couple deals I am a strong believer in staying really close to 20 units (or More) at a time give or take a little based on the deal.Remember you need a reserve account, and at the $1000/month you are probably looking at 4-5 months just to build that reserve account. 

We have a couple more in the pipeline that won't complete. 

Hey guys,I'm planning to convert my 1 story 1000 sqrft home to a 2 story 2200 srft home, in los angeles, CA.   My house is so old that financially it's not worth keeping anything. But I hear there are benefits (tax &a...

I have had it between $150-180 per year for that last couple years. 

If you go to some of the local REIA events, there are usually at least a couple Realtors around you could network with.I heard a great suggestion the other day -- find someone who needs things done that they don't want/have time to do.

We will be in the area September 7-12th for our "house hunting trip"... most of our research so far has been done online via Redfin, Zillow, Craigslist, and we've been given access to MLS alerts through a couple people we've met networking.

Couple of sources recommended by California Apartment Association.https://www.tenantalert.com/https://www.rentspree.com/

@Tim Gordon I don't have a lot of money, being that I am a college student with only a couple thousand.