My short term goals in real estate are acquiring a buy & hold property near the Jacksonville, FL area.Looking forward to meeting and working with everyone!

If we cannot find something that makes sense, we are open to other options, possibly flipping a house or apartment.The Goal:My short term goal is to find a duplex in Los Angeles to House Hack.

I'll send you a message shortly

Link: takes them to a short walkthrough video of the propertyIf you'd like to explore using proximity marketing for your real estate business please visit the site or send me questionHttp://www.asirvia.com/b2cninja

Please note, if the bank sold it short (at a lost), they will send a 1099-Misc to the person who defaulted on the loan, as income, since that amount of the loan was in essence "forgiven" and thus reportable and taxable income. 

I have some potential short sale opportunities from my lis pendens marketing but I am not an expert on negotiating these with the banks. please pm me if u can help. thanks

So you likely need to do your own research to determine whether SFR or multiplex is the correct choice for you (I could make a case either way but for me I chose duplex to quad and expect to shortly move into the 5+ unit properties).You likely know this but FHA requires owner occupancy so you would be house hacking a multiplex.  

@John Underwood, I couldn't agree more, with everything you've stated.I purposefully set my rates higher on AirBNB, so as not to attract visitors from that site unless I need to.

BP,I am making moves to invest into a MFH home here shortly but wanted to ask those experienced in MFH investing (Duplex to Quadplex), how are you running comps in the area?

This is an option for some who are really really short on time... but if you are I would question what you are doing with your time (maybe you should buckle down at your day job and pony up for a 50K+ passive investment with way more returns).