You have to decide what your time is worth to either take those 8 phone calls, or hire a PM - for us we would rather keep the $10,560 you could potentially pay for PM service in a year for the 4-plex and take the 8 phone calls (yes oversimplified - but you get the point!).

But in a place like this part of CA were its reversed the land is worth 80% of the total value not 20% like most other areas of the country yet the bank requires insurance for the total amount of the loan even though the build cost to replace is far less..

Education and hard work are worth far more than money. 

@Kayla M. sadly as other have said, often out of state investors are paying more than is worth, and it can be tough to get back out of a deal.

Would it be worth seeking a free consultation with a real estate attorney to evaluate my case?

Quote from @Caleb Brown: Is the property worth the higher price to pay off the loans?

No legal jargon or last-minute surprises.Smaller credit unions are also worth exploring.

take into consideration I am getting a decent deal, and this property could Easily be worth a 100+ a sq ft within 5 yearsproperty pictures belowhttps://www.zillow.com/homedetails/1072-Fm-126-Merkel-TX-79536/62562011_zpid/

Maybe seller financing.But let me ask this question, what happens if in the third month the furnace goes and needs $2000 worth of repairs?

For me, If they buy with me and then sell with me when they flip it, it is totally worth the time/effort.