The best ones aren't advertised for sale. 

I believe it is a common theme that when a lender advertises 9-12%, 9% is for the highest qualified applicants and 12% is for the people who are just above the minimums to lend on (i.e. beginners with low credit).Usually, the lenders that go down below 10% are national hard-money lenders and will not allow the borrower to put less than 10% of the total cost into the property.

View reportHello,I've owned a few small multi family apartments and my primary single family for years. 

Preferably multi-unit, but I'm okay will single family. 

I'll try to avoid asking "where does a multi-family investor buy a set of toe nail clippers?"

I am now currently looking for a multi family property 3-4 units with a livable basement space for myself. 

That's more about who you know, but, I know a builder who is always looking for investment from local guys in the area and I'm sure he would meet with you and explain the different opportunities with partnering with him in multi-family. 

We got an offer on the house in the first week and was able to do a 1031 exchange and purchased a  multi-unit apartment building that generates more cash flow than the  original house ever did PLUS  we can sleep at night knowing that the property is in good shape and not about to fall down on our tenants! 

I am looking through craigslist rooms & shares and many people are advertising private rooms for rent in Bay Area for $500-$700/mo.

I am looking through craigslist rooms & shares and many people are advertising private rooms for rent in Bay Area for $500-$700/mo.