I am considering purchasing a triplex in Klamath Falls, Oregon.

I want to purchase the properties, set up everyone on a month to month lease, transfer the utilities to tenants and eventually raise the rents and collect deposits. 1.

@Krishna SurendraRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

NOI: $49,536CoC ROI: 16.57% / CashFlow: $1488/moPro forma cap: 8.26%Purchase cap: 11.79%Check out breakdown below 👇🏾 https://www.biggerpockets.com/analysis/rentals/6c76954e-deb6...

As part of the renovation, all of these were remedied however the violations were not cleared as I suspect the renos were done without the full permitting.The purchase agreement had a requirement to clear the violations prior to sale but the Seller and I agreed a fairly substantial seller credit to clear the violations as it was recognized there were risks around the renovation work and potential non compliance with permits that I may have to remedy.

I would be interested in knowing what submarket in SD you will be looking to purchase that 4-plex? 

My ultimate goal is to generate $11K per month in passive income and I believe I can do that by purchasing 3 more single family homes in my area and paying off the entire portfolio.

I've gotten so much good information and guidance from here.

Anyone have any ideas for great opportunities in the under 100K purchase zone with good ARVs?  

Is it possible to purchase a home from someone, and give them the first right of refusal to buy it back at a specific price at a later date?