.: I have an applicant who's going through a rental screening process A.T.M.

Hi Jayce, we got the seller to carry back the portion of the down payment and the bank to finance the 1st position on the rest.

You may just stumble into seller financing if play your cards right.

The financing will then dictate which markets are and aren't within your budget.

I have considered doing a TIC/coop in San Dego but have the belief, without any data except for how I would value the financing challenges and tic risks, as being much greater than 10% price difference from condo price.  

@JD Gunter I agree and should add that I spend 2-10 hours on the phone/zoom with each applicant before I let them into the program. 

I am assuming you are financing this deal (FHA/conventional).

Also, consider working with lenders who specialize in multifamily financing to ensure you're prepared when a deal comes up.If you need financing options or guidance on structuring a multifamily deal, let me know.

When realtors who also want to be creative financing gurus start giving awful advice.

I have a property that I could sell for somewhere around 400 K with owner financing.