Here's another spin on the numbers you've reported in your original post - Gross Potential Income Rent: $325 x 24 Units = $7800 Utility Income: $48 x 24 units = $1152 Less Vacancy (7%) = (627) Gross Income: $8325Expenses, monthly: $4083 (from the annual expense figure you were given)Net Operating Income: $4242Debt Service: $4112(I happened to have a very good friend who's a multifamily loan officer in Dallas, and asked him this afternoon in a call what rates are available right now for a multifamily deal this small - he gave me 5.81%, 30 year amortization, 5 year call.

Tracking down the ex-wife and those kids, new wife (who may be estranged from the family) and those kids and getting all of them to sign off on the sale can be time consuming and EXPENSIVE.

I've been tracking a couple of cities on the east coast and i'm not too pleased right now :(

If you are interested, please contact me directly to discuss.Valley Agent Criteria:A self starter, but not someone who is ambitious enough to go out on their own… Knowledge of SF Valley and Thousand Oaks/Simi Valley (member of SoCal board) Someone who understands the rental market (acquiring low price properties that demand high rents) Experience with Winforms and MLS Investment property experience Computer savvy Home office with fax, email and a windows operating system, Outlook (not MAC) Someone with an existing book of potential clients Someone who knows the neighborhoods intimately in the SF Valley and Conejo Valley

I've made about 15-20 offers (you lose track, honestly), and managed to buy one so far.

In my brief time as a loan officer for a mortgage company, we usually wanted to see 2 years at a job, or at least 2 years in the same field.There used to be loan programs that would get around having to say what kind of job you have, but ever since the market has been going down guidelines have changed and its probably been about 6 months to a year since I have seen one work.

I have been tracking a property for a while and the Trustee's Sale has been posponed 3 times.

Hi Frank,I wanted to go; I had my eye on one property in particular but I'm down in Pueblo at the state track meet this weekend.

Tracked down the dad and he is going to pay two months and provide assurance to GET HIS SON OUT in a timely manner.

I tried my city tax collector and the office said "what is an absentee owner?"