If there is no way to get that kind of cash flow then buying the property doesn't make sense.  

What kind of work are you willing to put into it?

Thanks for that kind shout out @Wayne Brooks. 

If you're working with an agent, be super clear about the difference between your maximum and your ideal property cost and what those levels mean for you and it'll get you started on the right foot.It sounds like you have a decent idea of what kind of property you want to buy (a 4-plex).

I'm in contract on kind of a unique property. 

Sorry for the additional questions, it will help to understand where you intend to focus the investments to determine what kind of team should be in place.

An example problem statement that I may have stated (and built the software for) in 2003, when I started investing full time: Build a tool for lead generation that collects county records from the county recorder's office (and property card data), finds the recent first mortgage defaults  from trustees websites or public filings for properties that are between 1000 and 1700 square feet, in a neighborhood of 90% like-kind properties with greater than 20 parcels, houses built after 1978, that can cash flow at current rates when fully leveraged. 

That kind of a PPP can be hugely expensive if rates drop on the next few years.Lets play that out and assume a 400k loan at 7% for argument sake.

At least that is what I took from it.If there is anybody out there in the community that has any experience with this kind of strategy, please leave a comment or send me a message!

The carpet in the 2nd bedroom is kind of damaged by the current tenants rolling office chair back and forth.