., it's a liability, not an asset.I know - that's not a popular paradigm among consumers, but we're entrepreneurs here.

We both have 740+ credit scores, one of us has a higher debt-to-income ratio,  but the other doesn't, we have a decent amount of capital between us, so qualifying for a loan in general isn't the challenge, we just want to be smart.

That type of congruency challenge can give rise to much consternation.Just a thought...

I recently closed on a nine-unit and was able to challenge my assessment down to the purchase price.

@Marco Campos -- The challenge as you've discovered in coastal markets, and other "bubble" markets, is that it is hard to achieve attractive rates of return.  

My time used to be spent playing League of Legends a popular online video game but recently I have quit that and funneled that free time into learning more and more about REI. 

The problem is, structuring a deal where a partner gets his money back in six months plus a remainder interest in the company can be challenging.

Now to gather sellers to connect to them is another challenge! 

This property used to be an SFR and was converted into a triplex; it is located in an old but becoming popular SFR neighborhood.

There were definitely  A LOT of headaches and challenges along the way (which I won't go into because this post is already too too long) - but after total tenant turnover in the first month, I've got all 4 units rented to properly screened tenants.