I'll also touch base with some realtors.Karin: With some of the prices I've seen for multi-family properties, I kind of figured they were in war zones

I'm not familiar with the multi-family market in the Coachella Valley, so not sure what kind of down payment you'd be looking at there however.

Utilities of any kind can kill your bottom line.

Some kind of service company comes to look at the place (at least from the outside) and mow the grass.

A renter would expect much better for that kind of money and wouldn't pay much more than 1200/month for such a place.I think this makes a lot of sense.

Anyways, @Marcus Maloney I would love to hear about what kind of results you drive from the FB campaigns and the SEO, especially the FB campaigns as I was considering placing an ad.

:)If you are going with some kind of commercial construction or rehab loan or have private/HML in place none of that is relevant.For the multi which of those units will you be living in since you will need to reduce the rent roll by that amount.

All:So, I was at a CMA class today at my local Board and I was directed to a piece of the TREC Rules that would apply to ALL licensed Brokers and Salespersons who do any kind of investing.Per TREC, whenever you make a purchase from a seller, you are required to provide them with a CMA on the property you are trying to purchase.

Even more to your question in more than 30 yrs I have never had anyone be able to offer proof a note was called due because of this kind of transfer.

You need that kind of coverage.