Is that a bad thing ?

It sounds like you either bought badly or didn't rehab very well.

Eli,Multifamily properties are a great choice for cash flow if you can find one and make the numbers work.

Haven't had any issues with it, and fees are pushed to tenant as part of the application fee so it's an affordable choice as well

I had some bad experiences with tenants that cost a pretty penny.

It's like Chess, many choices.

Although like Mike said since its closely targeted, giving details of you intentions and interest in the property might not be bad idea.

Paul,...If you're going to wholesale like a professional, only pursue deals that are worth Cash Buyers' time (target for 60% ARV if you're not confident about estimating repairs)Some wholesalers aim to lock up as many houses as possible and then walk away when their 2 cash buyers won't buy [bad] deals.

@Seth Lacey I prefer the Southeast or Southwest as I think most sane people are moving away from bad weather, too much regulation, and too much taxation.

Ran the numbers if it was just going the one occuppant with all the insurance and a down payment of $10k Cash flow is low - $73/m but that is based off one occupant @ $1850/mCap rate is around 9.6%And COC is around 8.7%If the other is rented out then number change but trying to be conservative.Is this a good deal or bad?