@Dominique Le I would consider talking to a lender before making any moves...I have a client from the Northeast who is buying a multifamily out here to live in and then planning to quit her job.

@Lei L.

@Lei L.Eyespy360.

@Michael Le - I very much agree.

I agree with @Michael Le.  

Btw, I love the lei....Wishing you the best in creating your future investments!

Lei,If you have plaster walls, stripping wallpaper from them will be easier than if you had drywall walls. but i would wait on doing that, paint over the wallpaper now to freshen the rooms up and leave it for the tenants like that. i would not recommend allowing the tenants to paint, you don't know how good they are and it may end up on the floor and places you wouldn't think, making it more of a project to fix when you want to move back in. just because you are painting over wallpaper does not mean you have to lower rent. right now that wallpaper will help protect your plaster walls a little with tenants in there and keep the plaster from breaking off if they hit it hard enough, they leave, you strip the wall paper with the paint on it and you have a clean slate to do what you want in your home.

@Michael Le  I found this on investopedia.comBREAKING DOWN 'Capitalization Rate'The capitalization rate is very useful in that it streamlines information about real estate investments and makes it easy to interpret.

@Walter Correia, @Michael Le is correct.  4 doors and under on a property is typically going to be appraised via a fannie mae financed loan, and all fannie knows is the sales comparable method.  

@Eric Le I just dropped some of them in the mailbox last night.