I have no idea at this point if these are relevant but its the same numbers used in the Webinar I listened to so I could do a couple first pass analysis to see if any of the properties I am looking at to see which ones I should take a closer look at and verify some numbers. 

We are closer to a top than a bottom.

Hi BP,We have a tenant that MIGHT have vacated from the room rental without completing a final inspection walk-thru that was previously agreed upon. 

Realistically, you arnt getting a home inspection on a multi except in the rarest of circumstances.

I invest in those faraway places because it is much more profitable than what I can get at home or closer.

Once it is agreed to & signed, open escrow, order a title report, have an inspection paying particular attention to plumbing, electrical, sewage (below ground pipes) roof, heating, cooling and get an appraisal.

You two are a step closer to leaving us behind in the 9-5 world. 

If you actually managed to get the rents your hoping for then 260k but I wouldn't put my money on it.6) your insurance is going to be closer to 2500-3000k7) i very highly doubt you will get a 30 yr note on this property.8) you might as well factor replacing in the roof into your purchase price cause It will need to be done immediately9) I think your capex allocation is super high, especially if you plan on doing the rehab correctly upfront.

We'll take a look at some of the foreclosure auctions, because we can stand the risk of a potential budget buster of a non-inspected house for the potential upside of a deal.

These inspections must be completed by a certain date, which can be called the inspection contingency date (though is officially referred to as a number of days from the contract date wherein a buyer must notify the seller of any defect revealed by the inspection).