It is definetely making my numbers lower (sometimes negative in the first year) than I expected, as I'm mostly looking in Oaklamd County, which has the highest taxes in the state.

I’ve been wholesaling for about 6 months now, and I’m just looking for ways to increase my network and take my real estate journey to the next level.

As opposed to people who buy a rehab and have to rush since every minute is costing them money....If course, this exposes to long term risk since nobody knows what happens in March 2019 (may prices could level off or come down) but at least you have your foot in the door.

Your risk is actually much lower in a 3 or 4 unit than it is in a condo, and the potential to save on expenses goes up exponentially as you buy more. 

A good association will plan for necessary maintenance and repairs and try to keep any additional assessments to a reasonable level.

Second, as someone said, you should have checked on rental prices and comps before buying since optimistically with construction costs of 100 per sq ft, a 2k sq ft multifamily is easily going to be in the 200-250k construction costs including permits, fees etcAt that level, you would need to collect 2k in rent a month just  break even on the construction + costs.

If you're cousin will be living in SD, purchasing a home in the Coachella Valley area as a second home (from a mortgage perspective) will enable you to put less down, and get a slightly lower interest rate. 

@Denise MunozI almost stopped reading when I saw it wasn't,  the 1% rule.......If they are selling for $84,500....the gross rent needs to be $845/mo minimum.....Check the real comps for the area....as opposed to what may be on Zillow and see if you can get them to lower the price.......If you inherit long term tenants there and you try to immediately raise their rents by 12 to 13% then you have a decent likelihood of making them become bad tenants.  

Often a PM is able to get higher rents and lower vacancy, evening out their cost anyway. 

Austin’s lack of housing choices disadvantages first-time homebuyers, families with children, and middle and lower-income buyers.