Anyone have experience with this alternative creative financing vehicle?  The idea is intriguing, but online research has yielded conflicting opinions and "pay to play membership plans; can't get a straight answer whe...

Started from the bottom and learned/earned my way to my current position; I learned how to do the job by doing the job.

Your exact thought of a quad is precisely what I recommend in your position.  

I understand your position as a possible lender and what you’ve stated also.

My thoughts: be patient, save up money, put yourself in a great financial position, and then buy.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

We can transfer to our other accounts easily.I believe Bill Pay is in the works but not positive about that.Stessa is a great tool for someone who does not want to use paper or excel and has fewer than 50 units. 

I also factor in soft budgeted expenses like cap ex, maintenance, and vacancy.For example, if I had a $3k rental and the hard expenses were $2,200 you might view this as $800 cash-flow positive, but I am going to budget maybe 15% for those soft expenses and my cash-flow would be $350 per month.

@Jimmy Leaton If you can rent out your primary home and it can be cashflow positive to help with upkeep from maintenance, repairs, and any bits of vacancy then it's worth exploring more.

@Osvaldo GuerraCongrats on being in your position!!