Yes it’s very common and done the exact same way as residential.

What kind of long reply to my post is that supposed to be?

We have a good group of people we work with in the area and kind often help with referrals. 

This implies the $200/month cash flow in unlikely to ever be worth more than the $200.I recommend all investors start local but you seem to be adverse to that so I will go with another one of my common assertions: The only Midwest investing that makes sense for most Coastal So Cal/San Fran RE investors is true MF (5+ units).  

If that's the case, you'll have to drive for dollars, do your research on abandoned properties, make friends with mailmen, and all kinds of other ways to generate leads.

Regarding pets, we allow cats and most dog breeds except for the following:•-any breeds/mixes known under common parlance as “Pit Bull”•-Rottweiler•-Doberman Pinscher•-German Shepherd•-Alaskan Malamute a.k.a “Husky”•-Chow Chow•-Great Dane•-St.

What kind of things do you look for and how to you figure what the possible rent/cash flow post expenses are going to be.

The triplex was actually one from a house he owned in California"...I didn't know husbands were like kind for rentals - I'm not telling my wife this!!!

Kind of. 

What do you think will be the right price for that kind of a house?