Just make sure you know where to buy first and do not just jump into a property that looks good on paper! 

How have these risks been quantified so we can put it down on paper before we get into the project.

It's great on paper and works in a lot of markets, but rarely does MF work as a house hack in Denver.

I have been told it looks good on paper (good cash on cash, cap rate, etc) but it doesn't produce a lot of cash flow. 

I've seen a ton of amazing deals on paper, but when I visit I notice the house is held together with duct tape and it turns out they have no occupancy permit to be a triplex or whatever.3) The fact that it's been on for 6 weeks does tell you for some reason investors in the area are not interested - because in my experience most multi-units have investors crawling all over them on the listing day, but that could be a variety of reasons and honestly I've seen many similar deals in the slopes over the years - only way to know for sure is go see it. 

Here’s a deal in WACO that i want to place an offer:CLASS - C/C+Units - 14 + duplex = 16Mix - 2 BED 1 Bath Rents = 575 averageCap rate 9.2 % actual (Or So they say)Previous owners bought it for $545k List price = $680KAll bills paid communityTotal operating expenses -$55kNOI = $62KCash flow is around $2.4K / month100% occupied with rent roll6mins from a a good university Numbers check out on paper, value add opportunity is also there.

But they sold their paper investments and put it into rentals and had enough income to live off of.

And of course, they both so openly believe the contract the tenant signed isn't worth the paper it was printed on that they have a friend like you asking for help to flout it on a website like this one.I'm really glad I'm not your landlord, Allison, or your friend's, or your friend's boyfriend.

Also NC is a very landlord friendly state you do have a state income tax but if managed correctly I should show paper losses on financed properties and if not I will be paying little to no NC State income tax.

That provides more transparency and a better paper trail - Better to avoid questions than to have to answer them.Look to the tax returns and you won’t go wrong!