I’d then like to rent out the multifamily and leverage, if possible, the equity from that investment property into our SF primary residence.From what reading I have done it seems the consensus is to not wait for the market to invest, but does this apply to a primary residence as well (what about a potential bubble environment, maybe another post required…)?

I've been on BP for many years and never heard of anyone successfully using 3rd party management in D class.

Bragaw is C class with very few exceptions that may be a B.  

Also what does a "good deal" mean to them; it is definitely not the same for every investor or even every investor in the same asset class.  

@Daljit Singh try out www.steve-rich.com  Steve Rich environment.

I would rather be feared then loved and Ill take the risk of dealing with the magistrates and explaining a simple escrow account over losing money on a business transaction.Spoken like someone who has never stood in from of a housing court judge, stroked a large check to a lawyer, or taken a contracts class. 

Picture a positive loaded attribute property; good tenant class, safe place, good appreciation etc etc, that area is going to cost more if not most and have very fierce competition on multiple levels because it is loaded with positives.

As you well know, there are lots of aspects to consider with investing in any asset class.

Most BPers are renting out Class A and B properties, so their high screening standards can be successful.Once you get into Class C properties, you have to lower your standards significantly.

I'm working on building relationships with brokers and figuring out direct mail, but still trying to make progress within the residential asset class in the meantime.