If you are close to your goal or lets say retirement, a bunch of free and clear properties to support your lifestyle is a great option.

Thanks again everyone for you warm and supportive posts.

We do not plan on living here for 30 years and I know not to bet on appreciation so I will do some value add to the house over time and expand it to a 4 bed 2.5 bath with less than a 40k investment, the layout will support it.

Hi All,I'm looking at a multifamily deal where the tenants have been identified as extremely difficult and have eviction support from the local non-profit.  

Thanks for the support @Kai Kopsch!

Expenses are too high and net profit too low for lenders.You would have to find alternative financing sources if you can't find a local lender looking to support your deal.

That seems to support what I have seen already, very helpful! 

If you acquired them in the same year you are applying for a loan, then I think you can support the income with leases, bank statements, previous owner's profit statements, etc. 

Some people say yes, others no...you'd have to find some comps with indoor pools to support how it's done in your market.  

A third party investor will have guaranteed income in a great neighborhood that attracts long term tenantsCONInvestor may pass due to sale price being quite high relative to the income (although the property still cash flows very well if you don't take property management, vacancy, repairs, and capex)Increase rental ratePROMarket could support $1,400 I think, and gets you a better return and is a more attractive deal.