Why do you like/dislike quads?

[Michael A.]

Hi All,

After a year of hell I remain undeterred in my quest to expand my rental portfolio. After dealing only with SFH I am eyeing a quad of studios. Wondering if you can share your quad horror stories in general.

As an aside, the property is in a C neighborhood, should remain flat-ish in value for the near future, but fits my strategy of cash flow well. I’m hoping I can acquire for $299k w/ 20% down, and a rent of $3,000/mo per current occupancy. Building is in good shape - no major repairs. Water is not metered separately, so I either have to add sub meters and hope I get paid or just pay for it myself which seems unwise.

Hope this finds everyone well - thanks in advance for the conversation.