They are able to See a COC return within weeks of the down payment, when the unit rents. 

Unfortunately, the previous owners used the same lease for this garage space as they used for the residential units. 

Hi, Just bought a unit via LLC in Nashville area, specifically in Berry Hill to operate as STR.

This would help you get going.You might be able to make these a  little nicer and force appreciation and a little higher rent.Either way rents will go up over time and the mortgage with remain constant.Maybe even make one unit a STR which could see higher income.I'd be ok with break even or a little bit negative on a Quad given you have 4 properties in one.If you're only breaking even you still have depreciation and other tax write off to help you out.I usually make people 3 offers.

As a would be individual landlord with just a one unit single family property I don’t know I can stomach the risk or withstand a financial assault resulting from an eviction process for a non-paying tenant (or tenants that do extensive damage).I am seriously considering bowing out and selling.

If the current tenant doesn't want to stay at that rate, the current owner has no problem with me replacing him with a new tenant.8-12% is the property management rate according to Google in my area, but I plan on managing these myself until I have an amount of units that makes sense to have my Realty Team manage it.Owner needs cash, which is why he is starting to sell off his assets.

This is regardless of whether the unit has been renovated or not.

A nice multi family property that you can do some light fixtures on sounds like a perfect strategy for you so you and your wife can have your own unit.

Closing end of November.Preparing an offer on Hayward 3 units.

First recognize that 2 to 4 units are valued on comps and not cap rate.