**Self-Assessment and Goal Setting** - Identify your strengths and weaknesses

If you  do plan on moving into the quad you should identify what unit you desire - maybe based on the rent amount or the tenant behaviors, etc.. 

I imagine the people who don't believe in appreciation have not experienced appreciation or are not comfortable with identifying growing areas. 

Under 45 days, I need to identify replacement property.

Or, identify the CAP rate and use the below for value at a 35% expense ratio.ARV6 CAP: $1,053,0006.5 CAP: $972,0007 CAP: $902,5717.5 CAP: $842,4008 CAP: $789,750

You can play with pricing to see how it affects demand, so you have a better idea of the quality of prospects and how many you get at different price points.You could also then modify your ad to identify a target MoveIn date and start accepting & processing applications.

Im in Massachusetss so I had Mass save (program to help with energy usage paid for by the utility companies) come through to do an energy assessment and identified there is little insulation in the entire building and that there is a lot of knob and tube wiring throughout the property.

.- work with an experienced agent to guide and assist in identifying properties that are priced well and can cash flow. 

once you actually identify a specific property, you need real numbers.in a duplex you may have two of everything (unless some utilities are shared) - two furnaces, two water heaters, two sets of appliances, lots of bathrooms. 

That makes it easier for me or my bookkeeper to identify what those expenses are for and also for me to track progress on whether I am on budget or not without having to put a bunch of effort into that.