. ** I recognize it might betough to find 4 properties that are actually worth investing in attoday's prices, but let's assume we can find them (or be patient enoughfor opportunities to materialize).Option B - Buy one larger multifamily (e.g. 12 units) for $3 million (with ~$1 million down payment).My questions are:1) Is one option clearly better than the other?

I've definitely made more money in appreciation in Los Angeles compared to out of state cash flow, however, you do have to be patient for 3-4 years to reap the rewards of the appreciation.A majority of my recommendations to investors here in the Los Angeles are if you want immediate cash flow then invest out of state if you want appreciation then invest in Southern California. 

I told him thanks for being such a great tenant and thanked him for being so patient and understanding with the tree root issue the previous year (different tree--same house.

So thats good but i just need to be patient and wait for the right opportunity. 

You need to be patient with direct mail, it's a long-term strategy.

I will just wait and try to buy it at the courthouse after they lose it.I would rather keep the money on the sidelines and be patient.  

Be patient, be polite, and see if this angry person is really redirecting his/her real estate fail rage at you which is actually generated by some scum bag tenant, the government, the evil bank who won't give him/her a loan-mod or maybe just plain exhaustion from having been a landlord for decades and looking for a way out.

It's easy to rush into things but yes, I do need to be patient and wait for the right opportunity.

an RMLO is a registered mortgage loan originatorA tic is a tenants in common contract, gets you on legal title so you can do legal wholesaling I don't know your position exactly, but here are some ideas  If you have very little time, which most people on BiggerPockets have a job One, get a "we buy houses business card" and a mailbox etc. mail boxTwo,  get an LLC through LegalZoom or some other "do it yourself" LLC company  Three, Contact one of the following marketing advisor companies @Dev Horn@Jerry Puckett@Michael Quarles s 2 books, "flipping" and "pricing rehabs"Seven, listen to my "Negotiating with Home Sellers" on my BP Blog.Eight, and most important, understand that it takes a good 12 months to get some traction in real estate investing, so be patient:)

As far as taxes go, to be 100% I'm not big into flips because i dont like managing contractors and at 24 I'm not patient enough to wait 3-6 months for a flip, in 3-6 months I can do 5-10 deals that equal the amount (pre-tax) on what a flipper makes.