Large SDs are offered by to make you overlook other obvious deficiencies.

Obviously, the more letters you send, the better your chance for a deal.

They can do that with 1 or 2 holes and a tunneling device called a mole for obvious reasons.I do a lot of foreclosure business and 95% of the time the place has been vacant over a winter, sometimes more than 1 winter.

As a general practice, we do not refinance unless we absolutely must {sometimes you really need want that 18-unit building} or there is an obvious advantage to refinance {i.e. we can secure a new interest rate 0.4-0.5 below our existing rate}.

Now, I haven't even read their application yet, but he did mention he would have to give 30 days notice to his current landlord, if accepted.Let's say I do end up going with this guy, who obviously can't move in for another 30 days:When would we sign the lease?

That doesn't mean there aren't some great deals out there with SFRs - at the right price and location, there are several great investment opportunities with them - but given the choice, side by side, I would rather buy and hold a multiplex - which in my area are actually in high demand now.Some obvious disadvantages are if both tenants stop paying rent, your going to have a big nut to crack - and as others have mentioned - multiplexes usually have the water lines tied to one account / meter and the owner is typically responsible for water payment ( unless negotiated in the contract).

(obviously not w/the 50% "rule", which would have you at $15,090...)Also, have you comped efficiency rents in that neighborhood?

Obviously having your license can help you find deals through your office before they ever become public.

In your lease, you should have rules about what you can hang and what alterations they can make- so this would obviously prohibit people from hanging anything on the exterior of the building which would warrant using a ladder.

It is an option I obviously need to research in better detail!