When any calculator or spreadsheet is oriented toward only one outcome (rental for instance) you have what is called "confirmation bias".

Have you thought about trading the fiveplex for a Class B duplex in a Class B neighborhood and move into one of the units and rent out the other??

Why can't you start with some smaller residential or small multifamily commercial properties to get your feet wet, show proof of concept and possibly try to take on larger deals.Or possibly find a local syndication group and become an employee under them learning the trade and finding a mentor in the space.

If the goal is increased equity and wealth then upgrade properties judiciously and increase rents or trade up using real estate exchanges.  

What was the outcome?

What was the outcome?

Investing in another state carries some of these same risks but to a much lesser degree.Every time I've looked at something abroad the risk / profit trade-off seems imbalanced vs. what I can do within the US.

What was the outcome?

Complete rehab What was the outcome?

Complete rehab What was the outcome?