It took us 3 years to get that mfr due to unexpected financial burdens of buying a residence first (landscape, upkeep, hot water tank goes out, etc etc).

All of these things and many more can take away cash flow for years with unexpected repairs and replacements.

Once a property is under contract have it inspected to determine the current condition and life expectancy of all major components and appliances.  

So I picked up a 4-plex a couple of years ago, and thanks to a highway getting approved for development in that town the value has jumped roughly 50% in what was an otherwise stagnant market.The property is cash flowing a bit, but nothing special considering some unexpected repairs last year.So my question is: would you think about holding on to it and see where the market settles?

In my research, I have also found that there are a lot of different components to it.

One major component is how we rank our basic needs (after air, food, water, shelter, etc). 

When you make your pre-offer inspection you might see something obvious during that which makes that decision obvious and its age can give you some concerns about reusing the major components that gives you some concern about that which means you will have to remove sheetrock to repair that. 

If you put it under contract have it inspected to determine the current condition and life expectancy of all major components and appliances.  

At the bottom of the cost breakdown page there are General Components; Permits, Termites, Mold, and Miscellaneous.  

Hello unexpected 15k renovation!