Hopefully you aren't underwriting the deal to convert those units to free market rents anytime soon.

Total monthly income of $1400 after debt service.Since I can't pay cash and have to finance, the 6 properties by themselves aren't that great of a deal.

I am glad I found this forum, but it looks like there aren't too many people from El Paso involved in BP.

The two questions we should be asking ourselves is it quality or quantity that matter and is it more important to have a higher cash flow with less units or would you rather have more units with less cash flow? 

I'm really focused on multi-family's and in So-Cal everyone want's a McMansion so duplex's and triplexes aren't as plentiful as they are in the Milwaukee area.  

I guess they are targeting Californians who don't know any better and think those are good deals.Of the last two deals I have done, one was a pocket listing from an agent, and the other, I got by just telling a neighboring landlord that I was interested in buying.A lot of what we hear on this site is true, most deals aren't on the MLS.

What I mean is that we often have concerns that aren't necessarily our own but that we've picked up from external sources.

What exactly is going on here, why aren't they all accessible?

As far as more risk is concerned ...4 streams of income can become 4 possible liabilities if you aren't prepared to handle the larger property.  

I've heard that investment properties aren't capped at 10% increase per year like owner-occupied homes are.