I was thinking about doing a cash-out refinance to get another rental property, but want to buy a multi as an o/o in the next 6-8 months.

You'll look more attractive to lenders going forward, when you show a track history of being a landlord.My suggestion is it to purchase a Multi Family using the FHA program which is only 3.5% down.PSThis is my 50th post!!!!!!

Something like that may vary widely depending upon the local market.Hey, if it costs a few hundred bucks for a month and you got ONE DEAL from it, that would be worth it.

I'm interested in purchasing a multi-family property to buy and hold in Newark NJ.

Buying and holding small multi-family rentals in the suburbs north of Dallas is the niche that I would like to pursue.

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

You may try establishing an LLC with a governing Multi-member Control agreement.

I am currently taking advantage of the marketplace tool here on the BP website for finding foreclosures and I've come across some multi family properties in my particular area, Akron/Canton region in Ohio, that show tax lien beside them.

You are in a great area near Philly (I used to live in Bucks county!)

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.