I say this because its a fun learning experience and if its vacant you really aren't risking much in terms of causing anyone a hard time over it.Just make sure you have a 21 day inspection period.The other thing too, is look at houses being rehabbed in the area.

If you want to send me the address, I can check to see how much data I have access to for your area and tell you what I see in terms of possible buyers.

We would prefer to manage our own properties at least in the beginning and the idea of buying turnkey out of state seems too good to be true in terms of returns and risk.

Honestly, I think it fell off their radar screen so maybe now that I've brought it to their attention it will receive a bit of theirs in terms of a price drop.

I know that each deal has its unique characteristics, but I would like to know some reasonable benchmarks in terms of what are the usual economic terms offered to private investors in multifamily RE transactions.Interest rate - What is the interest rate range that is usually offered?

while cash will give you a higher return in terms of monetary value, financing enables you to use leverage and increase the return on your investment in the bigger picture.

I believe they must also disclose whether any children living there had ever been tested and what those results were (double-check that, as I'm going by memory).I'm not familiar w/the ins and outs of multi-families - other than that I understand you have a lot more to concern yourself with in terms of code, liability, etc. - but I would call the state Department of Consumer Protection for more info.

In terms of estimating rehab costs, My approach for single families is to rehab at the higher end (new custom cabinets/SS appliances/ granite counter tops/updated bathroom/ higher end flooring.)

What is the cutoff limit, in % terms, those of you who have experience in these types of situations, to start the process?

What I'm wondering is what recommendations in terms of property type, financing and area would you recommend given a personal investment of $5,000 per property + creative financing.