They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.

There's not a ton of information about this topic so i'm just curious on how investors are running their comps on their small multifamily investments. 

I think that needed to be fleshed out BEFORE you made a decision to cancel anything!

Excellent introduction to the topic.

I was feeling paralyzed making decisions about what to do, and no joke within 3 weeks of finishing this book I had decided on my next step and was under contract on my first flip property!

Consequently many inexperienced investors make investment decisions based on where they can afford to buy, not necessarily where a good investment thesis may exist. 

I want to be sure you are thinking this through, considering all angles, and making an informed, wise decision.

Don't make emotional decisions because you are "in love" with the property 

Also, the ability to export reports for partners or lenders would be a plus.Essential Data/Analytics: Reliable rent estimates, cap rates, cash-on-cash return, operating expenses (especially maintenance and CapEx), and local market trends like population growth or job market health are key for decision-making

To make an informed decision, research the mid-term rental landscape in Garland, considering average rental rates, vacancy rates, and competitor offerings.