Wise choice!

I remember our first meeting at Cracker Barrel here in Ft Myers with some other BP members.

Tax wise, marketing or other related aspects?

Jonathan, the Bay Area apartment market does experience lower cap rates compared to other regions, but you're wise to still consider investing here.

Wise to be doing your homework first and good luck.

I'm in the buckle of the Bible belt, Springfield is known as the Crystal City, some will know what that means....but does not reflect my views at all, just have to put up with alot of dumbies who watch one TV channel to get their "news" and street wise economics.

However, we want to do this wisely.

Assuming your numbers are right it's not a bad deal, but not fantastic either percentage wise on your ROI.Yeah, your buying costs seem a little high.

Whatever you choose to do, I hope that you get some help with your credit issues, look for better financial advisers, life is tough without making it tougher on ourselves.Thanks, you are right, and that is the first reply (I have posted this same question in dozens of forums genuinely seeking wise advice) that pointed to the nature of the problem - YET did it accurately without inappropriate blame: I wasn't trying to get rich, but I did "bite off more than I could chew" expecting to be able to consolidate in refinance with enhanced equity within 2 years.

You'll also have a "buying tenant" in both units, so vacancy should be down and the property will be better maintained over the term.Tax wise, you can do either in a passive or active manner and split deductions accordingly.I would think that there would be many business owners who would like to get in on lower RE prices now, but can't since they may well be concerned about operating capital and not seeking to put a chunk of cash in a building that will take some time to recoup that investment from the differences in renting.I mentioned buying as a partner, you can do that or you can go it alone, buy it and immediately put your buyer in under several methods so you regain that up front money for the next deal.