I actually commend all of you, as I put myself in that category, for taking it slow. 

We will be meeting for lunch next week and I just want to make sure I have all the information needed before sitting down with him.This is actually two 4 unit complexes on the same lot so would this be considered a commercial deal? 

Looking for input from those who have actually owned multifamily property during a downturn in the market.   

However I've been doing research on it and it sounds like bamboo is actually a weed and can be I'm nightmare to deal with.

Troy Norwood , I'm actually interested in building for investment purposes.

I teach my clients to have all the expenses on auto withdrawal  ( mortgage payments, monthly assm, if needed: tax and insurance) and have the phone number of few handymen on speed dial.

You can use the money you have in your 401(k) to meet this requirement without having to withdraw it.4.

Feel free to add me to your contacts...or friends or.... connections... actually I don't know what its called, but "Yes!!

Try Bryan Dunklin, he set up my series LLC (although I haven't actually used the series yet). http://www.texasseriesllclaw.comYou can also have an experienced CPA set one up.

Once we closed, we actually rented 2 apartments back to the sellers (the units they were currently living in) for another 6 weeks.