Quote from @Katie Accashian: I am located in Lakewood, CO and have my property listed at market value and haven't received a single message in 2 weeks.

Instead of making a single 15K payment at the end of each year, you would be further ahead to make an additional payment of $1250 each month.  

I'm looking to start off in areas with lower costs coming in, preferably under $100k single families but definitely under $200k. 

I am looking to invest in single/duplex/triplex/qudraplex rental property. 

We have a few multifamily and single family properties between Sheboygan and Sheboygan Falls. 

Under the same scenario, a GP with a fixed percent return would probably make the choice to sell and take profits because they would see the 20/80 decision as a bad bet. 

Currently we have about 50 single family homes with about 35% equity.

Thanks Don, that is both enlightening, and created new questions as I have 2 potential deals that could be classified as commercial, both are airbnb portfolios, with one being 3 singe family units, and the other being a single site with multiple units (11 units,themed resort style).

It seems like your ROI is basically the same in each option, but you are taking on a much bigger project to convert a single family to a four-family.So basic calculations, since we don't have a full financial picture, i.e. what does financing of each look like?  

He has only done single family (non investment) properties.