Obviously a lot of information is left to be gathered and due diligence conducted but I do know that these properties are in a very desirable zip code in town and there are no other MFUs offered for sale (or for rent currently) in that zip code.  

The house was newer and in a very desirable neighborhood, so we knew we had to be aggressive coming in with our offer.

Waikiki & Diamond Head are even even more, desirable subset. 

A way to learn the ins and outs of the industry while reaping almost immediate benefits of your desire to invest.Way to go!!

The main thing is desire to help others and to advance your own business. 

Well I disagree because this partnership goes with the desire for Lois Stern to see her son do well and get a start in the real estate investing bussiness.  

At these rates, it's clear that a guru's motivation is not some altruistic pie-in-the-sky desire to pass on wisdom (not to disparage the pursuit of profits, after all this is why we are all here).

In our greater L.A. market it does not seem to make much of a difference as long as it is in a desirable area.

Our desire is to negotiate with land owner (motivated seller but not distressed) to pay for the land in 2 years time (post design-build-flip).

You need to go to the higher price points where there is a spread and the area is much more desirable to the retail customer.