We work with other investors and I know they also seem to be selective about where they have quake insurance - $200/year is not a big impact on cash flow, but $2000/year gives one second thoughts.

I'm curious to see what everyone is reading, and what impact it's making on your life?

Once I determine the zoning, do I need to order a Phase I Environmental Report?

- Impact on real estate prices ?

The Maple Heights house on the other hand will be much lower impact.

As we discussed, this impacts and exceeds my projected budget, however I still want to move forward with the deal.

With a 2-4 family, you have more cashflow and that cashflow is more secure given you have more tenants paying you and the financial impact of a vacancy is greatly reduced.The quality of tenants you will get in a 2-4 family will be quite similar to your tenant base on a 20-unit building: so by acquiring a 2-4 family, you get the property management practice that you need when you have the resources to buy a 20-unit building.

. - Whoops, mortgage rates dropped too much and/or everyone that waited to start their refinance locks today, impacting supply/demand of mortgage money.

If so, how did that impact your selection process?

. $50 when we're talking about $100 cashflow is a big deal, and has a huge impact on CoC when you're looking at multiple properties.