Better than single family, but small multifamily valuations are up out of proportion to rents.

The problem was that 52 month lookback might have been 12% or 15%, so the only way to bring that average down to the target 7% was to do very very few rental property loans for the next 6-12 months, or at the very least charge the borrower proportional to the penalty they'd pay for being over 7%.

It actually compacts pretty well and if you take the time, you can put down some asphalt slurry and get it pretty will packed.

Also the returns are generally proportional to the risks.

Ideally I would like to find a 3bed 2bath with proportional numbers, then I would only need to worry about finding 2 renters.

Out of curiosity have rents in your market increased proportionally to the home prices?

Then again how long will it take to return the money invest on a proper Spa vs the water tank (providing the water tank brings in more rent).Something like this can seat 7 men of whatever proportions (no little walls between seats--no lay downs--minimal air jets--the water tank has no air jets)

Alternatively, consider a business structure where your GM initially receives a larger portion of equity in the business for her contribution in exchange for a smaller proportion of the business' income over some relevant time period.      

Over time returns eventually are proportional to risk, effort and barriers to entry.

They wanted rent rebates and had minor maint issues that were blown way out of proportion.