@Christine H.To me, it would be a dealbreaker.Buying a multifamily on the basis of price appreciation is speculation.House price could keep rising and you end up making money (recouping some of your loss in the meantime) or there could a downturn and you'll lose more money when you decide to sell in.If you go ahead with the purchase of that property, you would have to feed that property with cash _every_ single month.Any expenses that you failed to initially account for will have to come out of your pocket.Increasing the rent might be difficult especially if you have tenants who have been living in the property who many years, because of the rent control.

From a financing perspective, I guess it is more difficult to borrow from banks against self storage facility to increase leverage, as compared to borrowing against residential rental property. 

If you are paying all cash then you shouldn't be cashflow neutral, if you are going to leverage getting cashflow neutral isn't too difficult to find.Good luck.

Last year, with difficult sellers where they were fighting with each other, we actually raised our offer price a little, and they both agreed. 

Goldman is just about half way in paying back the fines so they will most likely be still doing their massive buy/hold/forgive debt to earn the credits needed to forgive most of the remaining fine balance.

Eventually I want to put all properties in a business name but I’m worried going to get a loan, whether or not hard money or conventional, that my first attempt will be more difficult if it’s my business’s first attempt at getting a loan.

Since I have never lived in the areas and I work full time, it will be difficult to tell the "good" from the "bad" areas. 

Finding good deals is difficult and I don't think I want that much stress in my life.

Property Location: Moss Point, MIssissippi32 unit complex4 buildings sits on 2 acres and all units are on the ground floorAll 1x1 units (Market Rent: $500/mo) 60% Occupied ( most occupants are long term social security recipients ) Per the seller (seller from out of state) all vacant units just need cosmetic rehab to be market readyPotential Gross monthly income: $16000 ( all units rented and are paying market rate) Current Total Gross Income: $7400 ( due to vacancy and residents paying BMR) Current Monthly Expenses: $1941Monthly Note Payment: $3419.43Asking Price: $660,000Seller Finance Term: - Seller wants to be cashed out for the amount left over of the loan balance ($295,000).

We (the title company, me, my agent, etc) haven't received a response from the HOA regarding the current outstanding HOA fee balance.