His office also happened to overlooked Apple hq.

The reduction of tax benefits must be considered if you want to compare apples to apples.

This approach is dependent on zoning/code enforcement saying it's acceptable.As far as your numbers - apples to apples... if you do it as a MF, then your renovation costs are the MF costs, and the analysis is as a MF property..

My question is more along the lines of, if we compare things apples to apples, will I be paying a premium once my portfolio is larger?

Your $400 a month cashflow after financing is pretty healthy, but your monthly gross isn't 2.3%, closer to 1.5% as you have to take into account your rehab, and I always back out your common utilities to get apples to apples - still good though

So the apples to apples investment, where it's guaranteed ROI, would be a Certificate of Deposit, or Treasury Note, or similar, and those rarely offer more than your mortgage interest rate. 

I'm not sure how the Apple TV works as I've not had one in a while but The Firestick is also easy enough and can be very easily restricted. 

I was selling mine retail.And your situation is not what the person posting here was talking about they are looking to buy a SFR.. not mutli million dollar multi's so its a little apples to Oranges.. we do have short memories  as we chatted about on another thread I know two syndicators personally that got wiped out in Texas multi family.. 

Beyond what Chris mentioned to getting a good deal to make this fourplex in Northridge area work is that with FHA you also have the self sufficiency rule and in my experience only fourplexes that have gross rents of .90% relative to the sales price or acquisition price have worked with FHA.This means your 1.7 fourplex would need to rent for .90% or $ 15,300 per month or $3825 per unit in order for your FHA financing to go through.This is mainly why I havent done many FHA 3-4 units (SS rule only applies to 3-4 units on FHA) in Orange county/Los Angeles/San Diego except back in 2010-2012 when rent to price ratios were more in line with .90%.You could often find .90% to meet the SS rule in santa ana, riverside, banning, san bernardino, ontario, maybe in the valley by victorville/apple valley/hesperia and other places where things can tend to be a bit more depressed.Nowadays even a wholesale deal in a prime market like huntington beach or hermosa beach probably wont work (fourplex is probably 1.6 -2.0 M and wholesale deal is probably 1.3-1.5M) and if it did work it would be a unicorn of sorts and you would be a very lucky individual indeed.

Haha, Apple better get on that...