I'm assuming its a no-brainier.One other thing....I'm not interested in investing in war zones or section 8 but I would considered the city of albany which is where I grew up ans has cheaper properties.

Edit: I see you mentioned you work in NY and I just assumed it's NYC because you're in finance.

I will have to check the tenant's credit rating but I would assume it's BBB or better.

I would avoid "advising" them of anything as that would require licensing, which I am assuming you don't have.

Have you found good property managers-I assume you are not buying here in the Bay area.

This is of course, assuming, the lender fully releasing the mortgage and seller released from all obligations under the note and mortgage and the lender waive all rights to collect on any deficiency amount.In other words, the only thing that matters to the seller is the terms - the contingencies, is there an inspection?

Though I suppose if you assume I paid for the units in full with cash, the values would be the same.2014 goals, same results, 4 more properties =)

I'm assuming everything in the area is hot but I have to ask.

I assume the beam is wrapped with crown.

@Ned Carey Yes very true any lease might be nullified by a tax foreclosure on the lot (assuming there is a lease).