I'm guessing his description of "clean, not luxurious" means there will be some deferred maintenance and updating needed.What do you look for per door for net income?

If the property does not sell, then it will be transferred to VA/HUD and become a VA property or a HUD homeA title issue could have prohibited the transfer from Chase collecting on the insurance and transferring to HUD/VA as they both get title insurance on the transferNo argument there but if they foreclosed, they foreclosed on behalf of FHA/VA (If it's an FHA/VA loan) and, if they are selling it post foreclosure, they didn't file a claim on the insurance (assuming it was an FHA loan to begin with) but regardless, even if it was, it's Chase's now by virtue of Chase being the seller.

Duplex/Luxury Town Home properties 3 and 4 are Quadplex and Triplex used as vacation Rentals Primary Home has a equity lineDuplex/Luxury Town home has equity lineQuadplex and Triplex no lines of credit but have combined equity of $700,000 recent appraisals done on both properties Bank said unable for lines of credit on investment propertiesDebt to income is high because all properties are residential Excellent Rental incomeExcellent Credit.Excellent High paying job1.5 million in retirement accounts 401k can not touch or move to a self directed IRA because only 58 years oldHave found a commercial property a 5 plex for about $600,000Trying to figure how to get funding to buy this new projectLooking for suggestions.ThanksPete

I wonder how the 1954 buyers of inner city luxury houses have made out in Detroit and Cleveland when adjusted for inflation.

If your kids can test in, Lowell is one of the best high schools in the country.Location-wise, 36th and 37th ave near Judah and Taraval are the most convenient since they're close to the train lines and have plenty of street parking, which is a rare luxury in SF. 

Gabriel Benavidez when you create passive streams of income and they can pay for the luxuries.

An attorney is never necessary an attorney is always a luxury from my perspective.

As an investor though, you have the luxury of bidding on as many properties as you want where the numbers work for you. 

My 600 sq/ft "luxury" apartment looked a lot like yours.

However, do bear in mind that houses that are selling for 10-15K over asking price are being sold to RETAIL buyers from sellers who could afford to spend the time and money to get the house in tip-top shape to sell and who have the luxury of waiting for the sale to close.