@Allan Pilapil whats up Allan congrats on getting pre-approved, Stockton and Sacramento both over some unique investment opportunities that may suite what youre looking for.

Being in the affordable housing market, we don't have one resident who would have the near-term ability to repay four months worth of back-rent.

Most of them think they are unique but I've rented and sold to more people from those four states than all others combined, including locals.

I understand they do need to make sure we will repay the money, but the amount of information we had to send them is overkill.

Are there any unique considerations for a multifamily property with only 1 bedroom units?

I personally think this area is unique since the single family homes cost about the same or more as the multifamily homes.

I'm 100% for buying real estate investments.Once you have your first investment property, look into velocity banking and you might be able to take care of debt repayment at the same time you invest without changing anything about the way you live.

Well the circumstances are unique because the property was sold at a foreclosure auction, and then before the new owner got very far into the process the foreclosure was rescinded.The novel litigation is that the banks attorney filed a lawsuit against the owner, the category of the claim is   "Real Property - Other"  and the complaint of the Plaintiff is that they would like to rescind the foreclosure and reinstate the mortgage, providing the original Mortgage areement as evidence, despite the fact that it is:1.

I've seen it happen but each case is unique

When I do the math on the home equity loan repayment and the new mortgage payment and the taxes...the rents just hardly cover that amount, leaving no room for maintenance, improvements or vacancy.