I don't do vinyl siding or over the range microwaves.

LOC is for $625,000.We only secured loans in the range ($50,000 - $150,000) due to the business model we are following (although they haven't declined bigger loans amounts).

On the surface students want "cheap", but when they actually look at things: clean, modern, and convenient will win over price.In our "universityville" landlords range from larger companies with hundreds of units; Dick & Jane Public who have an accessory apartment in their basement.  

I see a bunch of single family homes within 20 miles of Seattle in the 50-90k range.

What I can tell you is overall it is a solid market both by characteristics that are important to me in evaluating markets (strong economic growith / momentum for the city, diversity of business, high amount of renters, low property taxes compared to purchase price, solid neighborhoods with tenant quality etc) as well as it is a market that I believe over time the long term will have small but steady price appreciation.  

If I found them to be way outside of my range, I cut the small talk and moved on!  

Looking at hundreds of properties will allow you to get to a point where you can walk through a house in an hour and have numbers within a 5% range of actual and know whether it's something you can do or pass on to someone else.  

Of course it depends on which part of LA but in what price ranges have you been seeing for 4-plexes?

I realized it wasn't as scary as I thought and much easier to get units that are halfway desirable in the 15-25k range vs. finding a halway decent house for 15-25k.

Unfortunately, there are not a lot of properties in the area to go on ( range 130 - 193K), these numbers were based on Zillow and tax assessed value.