On a recent walkthrough with a client there were tenants that had attached their own washers and dryers in the unit.

We furnished 5 units for 40% less than non-sale and non-bulk items.

In California, what is the process to evict a tenant from a unit when you are purchasing a 2-4 unit multifamily property?

That’s step 1. step 2 - contact a local commercial broker and ask what the avg cap rate is in the area for SS units. step 3 - use the cap rate the broker provided and the NOI from the docs the seller gave you. 

The would be for small multi-units.  

First red flag, that part is extremely expensive (like new unit expensive), he may be steering me to buy a new unit which is easier and more straightforward than repairing.

Houston and Austin showed minor fluctuations of less than ten issuances.Construction starts increased by 2.5 percent month over month to 12,222 units in Texas.

The City’s RSO covers properties with two units or more where at least one of the units was built prior to October 1, 1978.

On a Non-QM loan such as a bank statement or a DSCR loan, you can go to 80% cash out and in some cases 85% no cash out depending on the lender and the number of units. 

That can also make financing tough.I’m not sure of the percentage but the HOA is covering just shy of $50k bc the fire started in another unit.