As it appears, I'm experiencing technical difficulties with the app.

Rob - when I first got to Fresno about 16 years ago - I noticed that the market was so low compared to so cal  - it was LITERALLY two for one houses for sale and I purchased my first property shortly after and it was  a duplex  for 110K in a decent area - granted, I was paying 11% at the time but I was stoked cause I was 28 and owned two houses and was positive cash flowing ( technically had to pay about $200 of my mortgage , but come on...just moved out an apartment I was paying $850 for )  That was when I realized that Fresno was ripe with opportunities.  

Let’s say #1 is to acquire 120 rental doors in 20 years, with a further stipulation that each door cash-flows at least $200/month.Ok.Work backwards.Divide the outcome by the amount of time that you have.If I want 120 units in 20 years, we have 120/20 = 6 units per year.There are 12 months in a year.We divide the 12 months by 6 units and come up with a sub-goal to acquire a unit every 2 months.Easy peasy, so far.Then, we write down a list of all of the things we can think of to get our FIRST unit.This is up to the individual and their situation, but now you have a starting point.I want you to think about something else too.You may acquire only 1 unit the first year.Objectively, and technically, that means you’re “failing” at your goal.But remember, there’s a momentum involved.You may acquire 3 more in the second year.Again, failing.But then, all of the sudden, your mindset shifts a little.As happens with a lot of things in life, all of the sudden, you go hog wild and start acquiring property like a madman or woman.You get 1 unit a month in year 3.Then, you’re at 13 units.5 behind where you "need" to be.But, you realize and understand the game now.You know in year 4 you’re going after bigger fish.You acquire a 21 unit apartment complex and 3 quad-plexes in year 4.Now, all of the sudden, you’re WAY ahead of the game.Let’s take the flip side.Your goal is to acquire 6 units a year and you’re only able to acquire 1 per year for 20 years.What happens?

My understanding is that technically the lender could call the note due to change in ownership but they rarely do.If seller has sufficient equity, ask for seller financing

Since he technically doesn't own the property, he should just give you a bill of sale for $0 to clear his name out of the system right?

They didn't understand that a company (who is technically the buyer) doesn't have a social security card, so my partner had to go get a physical card issued in person downtown to make this deal happen.FWIW, in this neighborhood, I think a good sales angle might be multi-generational living - I have other rentals in the area and get a fair number of inquiries of the "two parents + kids + grandma and grandpa" sort.  

My advice would be to find something--either single family or multi--that exhibits good value, get the experience of the purchase process under your belt, then assess how much you are willing to take on.As far as your dilemma with your agent, technically your agency relationship is with the agent's broker.  

And when you glaze something, which is technically what I suggested, there is no need to strip or sand, the glaze adheres to the finish.

The properties you mentioned 2-4 units are technically considered "single family" for financing purposes.  

She assured me that I would have no problem doing a rate and term refinance in 6 months if the home was purchased this way.Now the bank that I am using to close the new mortgage to pay back the original loans is telling me they can only go with a cash out refinance since the home technically wasn't purchased with a mortgage and it reads as I refinanced out of the cash on the second hud that was filed.