So with that disclaimer out of the way… Tulsa is a fairly safe bet.

I bet you have enough stories for a paperback

That’s great advice to evaluate the potential increased cash flow versus applying the extra money to a different asset. 

The primary reason a lot of people move on to bigger deals (80 units plus), is that it's possible to own larger properties in markets that make economic sense but may be far from where you live. 80 Units seems to be the target so you can hire your own full-time property manager and maintenance person, versus relying on local property managers to manage smaller multi-family properties on your behalf.

I think your best bet here is a DSCR cash out.

I'm interested in getting some insights on the pros and cons of building a triplex versus a duplex or quadplex.

Kathy,  I think the first step is to use some of the great tools on BP to analyze how your current investment is Preforming versus what a new investment might look like.  

He's playing with numbers, I reckon, and I bet there was a mortgage on the property, so his cash in was not $230k.

If you drive through residential streets versus MFU neighborhoods, there is a distinct difference in most (not all) cases.

Do you want to have multiple applicants with a slightly lower market rent amount versus trying to get the most rent out of it but with few applicants?