I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.

Secondly, how do you finance these units? 

This could be very difficult if you are going to self-manage, as you will be turning units every year and dealing with a lot of repairs.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Duck Creek Village.

Account Closed I have had tremendous success using direct mail and mailing the owner of record where the tax bills get mailed to.Generally, property management companies don’t pay the real estate taxes so this gets me right to the owner.Targeting wise, I would just do a zip code filtered by unit count using a service like listsource.  

If you’re just starting or want to minimize risk, house hacking is a killer move—grab a duplex, live in one unit, rent the other, and let it pay down your mortgage while you scale up.

They do it across the board so all their units have to pay the higher deposit.

I was budgeting for 10% per unit (about $50) but unfortunately my current company has a minimum of $75 per unit, giving me a monthly of $300.

I've found some construction companies that specialize in ADU (Additional Dwelling Units) conversions/construction in SanFrancisco and San Diego but not as many in LA. 

Sometimes an $800k 4-unit could be a better return than a $300k 2-unit...or visa versa.