I recently missed out on a great place in NW and I would also add getting "Rent Rolls" to get an idea of what type of tenant you are dealing with.

Trying to time the market with a primary residence can have you missing out later down the line if prices rise and you can no longer afford your desired location.

I've managed to find a couple of REALLY good deal but was not able to get funding quick if at all due to a lack of cash reserve (my own money) and the lack of experience, therefore, I've missed out on a couple of outstanding opportunities.Can anyone offer some advice or insight on such a situation?

Or is there something else I’m missing because there’s no way anyone would sell a 4-plex for $49,000?

and other landlords make them move becasue they missed rent.. is that not just shrinking the avaliable renter faster than we create new babies ?? 

I totally missed the boat and could've gotten grandfathered in.

I am doing IO for first 5 years...so our cash flow is not reduced substantially and allow me some time to acquire(the purpose of the refi is to diversify our RE equity) an underperforming multi in CA, and despite rent control, be able to increase rents(via organic turnover and annual increases) without being super aggressive, and between the primary asset and the newly acquired asset, have the five years to increase the cash flows on both assets, so that when the loans(will leverage the secondary asset, too) goes to P&I we are not missing any cash flow and probably doing a bit better, despite the increased debt service.As for the lower LTV, I am being conservative and trying not to overextend our leverage.

I used Buildium for a few years and they had some great features and a lower cost, but there were too many things missing or things that took too many steps to complete and it was making my job difficult.Settle on one software and use it.

I have no late payments or missed payments.

we would need more information, do you pay utilities, how old is the house, taxes, insurance and so on. if you are going to house hack i think you got your self a great deal, on paper it looks like you only get 3k off asking but if buyer is bring all closing then you really actually got it for a lot less some thing alot of people seem to miss in my opinion. i just closed on a deal in march i got seller to come down on asking price but also had him pay almost 11k in closing. that is money i can turn around in invest into the property. closing on 190k is probably around 5kish. the other way i see it is at 2.7 interest rate thats like free money. you may not have gotten a steal of a deal but hey our first deals never are. also your Cash on cash return is that high because you arnt putting much down and you arnt paying closing so yes those number probably are right. just remember that cash on cash is on what you put in. i you put in $100 and got $50 you get 50% percent looks great but 50 bucks isnt much.with all that being said you are house hacking so the deal will be just fine.