Anything smaller and the apartment cant support it.

Running my numbers on the refinance, here is what I think I was seeing (and please feel free to comment on any of the assumptions I used, as I don't have a lot of data to support my estimates).Appraised value estimated to be $141,000, and knowing I can finance up to 80% of that, I could realistic pull out up to $112,800. 

I have a couple clients down that way that looking at the same thing. 

I will add that while neither was purchased with the knowledge and full analysis of being an income producing property, the area is strong enough to support the homes as such, and we will even be able to have a (very) small cash flow within the first year. 

As a result of becoming a landlord I am less supportive of certain social programs now then I used to be,  I like dogs less, and I am now skeptical of anyone who says they are "disabled.

Quadplex (Four x  2 bed/ 1 bath)Asking 170kOffer 155kRent per month: $1640 (market supports $1800-2000)I'll try my best to provide updates on my huge success (or major flop)!

ya there were many Bay Area investors who bought 4 plex's through LInda Gurcheck in PHX who learned that one the hard way when the building of new subdivisions came to a screeching halt in 08 to 2012 and many of those clients had 100% vacancies on a 4 plex for year or more.these sold at the peak these 4 plexs for 300 to 350k  in 2010 I could buy them same exact building vacant of course for under 100k each.it is a very big misnomer to think that rentals cannot go vacant.. and of course this is HUGELY regional.. and current economics plays a big factor.

I want to vet and qualify them  as well.Sometimes it's better for me to say NO to a passive investor or a direct buyer wanting to be my client if our goals do not line up.  

If you are not satisfied there are plenty of other property management companies that would love to serve you as a client. 

It can be hard to relate to my clients at times since I haven't been through the process myself.