I paid close to asking price, but it was the perfect property for us and we were tired of looking at the same old same basic ranch homes in fair neighborhoods.

It seems to be one of the next areas to become gentrified but, is definitely not a bad neighborhood.

That is awesome you’ve managed to build passive income at such a young age through your digital marketing firm.

The house itself isn't all that great, it's 3 thousand square feet, but nowhere near as luxurious as the rest of the homes in this neighborhood in terms of design; and I'm getting this for $1,250,000. 

. :)Which brings me to the hunt for a distressed multi family in an decent neighborhood.

We offered 275k and they came back at 285k and I said that we were firm at 275k. 

I passed on it the minute I saw the house was located in a very poor, rundown neighborhood.

Or, if another agent from my firm brought a buyer to my listing then it would be dual agency.

From there, you could create a brokerage firm.

The financing is also tough but you can get 55% LTV in most cases on properties in B neighborhoods or better returning over 5%.