Thanks BP community:Earlier this year I found a 7 unit converted house, submetered gas and water, fully rented, stable market just received marijuana plant with 130 jobs, and have a 72-year-old motivated seller who is unloading some of his properties as his children don't want them.

They do an ok job of placing tenants, but when they sent an unlicensed, uninsured contractor to one of my properties and they did 15k worth of damage, they essentially shrugged it off and said "Oh well.

Even then tho I can see it's still cutting it close to break even or loss for the year depending on major fixes. $33,000 minus $29,000 = is only $4000  and that's not considering garbage or water which I will pay until their lease is up.

I frequent the area around the California green line stop for my W2 job and that area seems relatively decent.  

I have a stable job, I could be re-assigned out of state in the next couple of years, but if I don't I have no problem living here long-term.

Anyway, I was thinking I could just save up enough with my partner and myself, both have good high paying jobs, and scratch together whatever we need to come up with a 20% down conventional loan. 

Even owners who have sold their building in Oct'17 have not gotten their rent checks.I do not think PM is doing a good job.

I have applied for at least five internships, and more administrative jobs to no avail.

The owner refinanced on the home last year and lost his job.

Here are the numbers I've calculated  based on 80% refi of all 3 properties, at 30 years, at 5.25%:Item                              Current                 Post-RefiCash available         $        0                   $300,000 +/- Cash Flow/Year       $   65,000              $  52,000 +/- Re-invest $300k from Cash out as 20% DP on more properties (there's an even better way than this too)& using the same ratios of ARV to NCF, you could increase your NCF an added:  $78,000/year; to $ 130,000/yearYou are sitting on a Gold Mine here, and you're thinking like a "homeowner"...not an investor...although you're not alone.Your Options:  Limited by the maximum Cash Flow from existing properties after complete payoff Max CF/Year                                                                                    =  $   95kCost to do this (pay off all mortgages using your cash)          =  $  456kNet result                                                                                        = - $ 361K  (that's a loss)REFI ALL Option:  Limited by ???????