I'd still offer slightly lower, but here is my financial situation:-Currently paying $1600/mo on my personal home-I have $12k in cash, $8k in taxable investment accounts I can liquidate, I also have ~$30k in an Roth IRA.

One of the keys for landlords is that the new rules significantly lower the number of surfaces that have to be deleaded...which lowers the cost of abatement compared to the law pre-12/1/2017. 

We thought condos may be a good entry point due to lower entry capital required and not needing to worry about some of the larger expenses like roof, etc due to HOA.

That same 80K could be used as a 10% down payment on a 800K triplex.You could live on the unit and rent out the other 2 units thus lowering your living costs.

Hi all,I am trying to find a way to avoid a 25% downpayment on 2-3-4 units.If I am correct the downpayment can be lowered to 5% if one of the unit is owner occupied.

If i see a proforma or P&L where the utilities are paid by the seller and include in the rent i will always make my first offer based on actual numbers - the NOI will be lower if RUBS are not in place.

We have family we can stay with so we're not in a huge rush on the buy side but here are a few ideas we're throwing around.1) Look for a SFH in an area with a lot of appreciation potential in the next few years (thinking Inglewood in light of the new stadium and all the development down there) 2) Look for a 2-4plex in Torrance/Redondo area- live in one, rent the other.3) Look for better cash flow and lower purchase prices out of state- would focus on MF properties.Once we narrow down which direction we're going in, I will absolutely reach out to those offering their services/expertise.

I think I'm going to lower my target purchase price so I can pull the deal down myself, rather than having to rely on his income to pass the lenders tests.

Typically folks buy turnkey out of state so they can hit the lower cost markets. 

It sounds like the PM was trying to do a quick, lower cost job to save money, and while it didn't meet your expectation, I feel it could have been prevented with better communication.