I don't have 20% to put down on a $160,000 triplex or fourplex and the lower cost associated with townhomes is why I think it would be a better fit for me.

Boyle Heights has been on my radar for the past few months since the MFR fit my budget.

So to begin I’ve been trying to review MLS listings daily and I just contacted my realtor to get Hot Sheets emailed for properties that fit what I’m looking for.

Some people feel more comfortable with LLC on top, so if it makes you feel better go for it.Now, I said I don't use LLC's in my rental business.

Way way over the top type stuff for most people (myself included), but he is bursting at the seems with customers and is a great business man.

It wasn't a pyramid because he was the only one at the top.

Most title companies if your just one off buyer wont do the note for you.. they do them for me but we are a top tier client.So you have the note sent to title they prep the closing statement and deed and put your note in the file as well.. when its ready to close the title company is going to contact your lender provide wire instructions and tell them how much they need to wire into close.you going to either go in, or have a mobile notary come to you.. sign notarize the deed of trust ( Notes are generally not notarized or need to be  although does not hurt to do it but like I said not common and does not make them any stronger to notarize them)you sign... your lender wires in the dough  seller signs returns their docs.. and next day or so when all docs are together it closes and you now own it subject to the loan.the title company will then send the Original signed note and copy of HUD etc to your lender.. you get copy of hud.. your the owner lender is the bank. simple done every day.on the West coast we DONT use attornies to close and we do NOT do wet closings I have not been to a closing basically in 25 years.. occasionally if I am around the title company I will go in and sign but NEVER is the buyer and SEller in the same room and NEVER are checks distrusted on the spot like they do back east.For one I would NOT accept a check from a closer attorney or other wise I ONLY accept wires as a seller ...

Be sure to check out everything available under the Education tab on the top menu, a lot of your answers will be answered there. 

@Jacob Henderson it's better to overestimate the costs a little than to make the numbers fit.  11% return is pretty good. 

@Andrew Rinne In my opinion, buying apartments now is buying at the top of the market.