We would probably be able to finance the initial purchase, but would need to have the two units we are not living in cash flowing ASAP.As far as we can see it will need LBP remediation (in Alabama you can seal it and paint over it) so probably $6k in total for both units to be rented, and an air system in place.

I'm so used to my nice, cushy, low maintenance properties here in Los Angeles with perfect tenants that probably contact me no more than once a year for very minor issues...

@Forrest Martinson I would pay off the two loans over 5 percent to start at least.From there then I’d pay minimum and then save for rentals probably

Hey @Jordan Christensen,To get the best advice on how you should own your four plex, you should probably consult with a local attorney and CPA.  

I joined the meetup coming up next week and I'll probably bring my busi partner or another.  

Call a couple property managers in your area and ask what they think it would rent for.Finally consider that while your agent is probably a good and honest person they are incentivized to give you the high estimate and not necessarily the most realistic estimate.  

He installed some windows for me and probably can repair them as well.

I would probably look for a better deal.

If so, you would probably be better off finding new tenants. 

I'm expecting high equity on this property, so did something I generally don't do - I factored in 0% PM, which probably isn’t a good idea, but I plan on managing myself for the first year or two, and depending on the market, will either increase rent or sell.