Honest it looked like the landlord had this guy a lot of breaks.

@Peo Haggstrom please direct us to your sources of news. 

The good news though, if you do go outside of the SF area, prices can get much more reasonable, meaning it's easier to qualify regardless of what all else you have going on.

When you look at a multi family property, be it 3 units or 300, you don't look at "what is currently broken", you need to look at "what could break in the next 10 years" and fix that.

I have about 12-15 walls that need something on them like a 36" x 24" acrylic poster that's posted to the wall in four corners.Anyone have any suggestions on what types of pics to use, and how to do this without breaking the bank?

I would take and figure in how long before you "could" sell at break even and think about that number for a minute.

The good news after 12 years is.

@Curt SmithThank you for the comment, I understand eliminating the tenant paying for repairs and any type of so called service to the seller.I am meeting with 3 real estate attorneys over the next week and am waiting for a couple others to return calls.My goal is not to break any laws but merely get a deal so I can get out of the rat race and start building my empire.

We're #1 on this list:http://www.marketwatch.com/story/5-least-affordabl...and we're in between #5 and #8 on this list:http://www.realtor.com/news/trends/top-10-markets-with-million-dollar-homes/With the small site, the question remains, what is the smallest feasible size for an apartment building?

This was in 2009, and I don't know what the exact breaks are now.