That is a 0.1% success rate.

It is a 4 unit home with a decent cap rate (7%) in comparison to where I am looking.

Require the applicant to sign a Holding Agreement, with a requirement that they pay a non-refundable holding fee for June (pro-rated) and July.

Personally, even with interest rate uncertainty and election year hysteria, I am building a stronger and stronger conviction around the fact that I need to get a little more aggressive in acquiring more income properties.   

Of course, it depends on the facts here.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

You hardly build any equity in your first year, it makes sense to refi only if the rate is substantially lower or if you can get rid of mortgage insurance.

@Yonathan Beltran De La cruz it can be, depending on where you want to invest and depending on what exactly you'd like to do.

Depends on the state, and depends on your relation to the TC.

If you want to shower me w/advice on my specific scenario:2x Duplexes4% Mortgage Rates / Very small loansMixture of LTR/MTR/STRActive Income (not very passive)Net Income around $24,000 in totality (however my books are a mess and am currently working with someone to CLEAN THEM UP so I can get a clearer picture)Would you a) hold; b) sell and open a franchise or other business venture ?