Are you looking for more cash in hand to boost your lifestyle?

Do you have any tips or systems in place that have boosted your property's ROI?

What if you could add $200 / month in NOI (a 30-100 bps boost in cap rate depending on the asset value) without raising base rent?

We are new to the real estate industry but we are building a family owned business to earn an honest living while being able to provide and instill good ethics and morals into our children.

This is a solid, predictable income stream.Low debt: With only 7 years left on the loan, you're close to owning it free and clear, which will significantly boost cash flow.Diversification: Keeping the fourplex provides diversification alongside your other investments and W2 income.Local market knowledge: You likely have a good understanding of the local market after 10 years of ownership.STR potential: Michigan has some attractive STR markets, especially in tourist areas.

Keep in mind @Mario Morales that they take premiums, invest them so there is a profit component on invested returns, and hence amplifies how far the $ can spread on payouts. less than stellar returns and expanding claims, yes, rising premiums is a certainty. 

Cost segregation can help boost cash flow, create substantial tax savings, and increase the profitability of the warehouse operation by accelerating depreciation.A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

I know at NW we are all licensed agents and that does make a difference because we have access to resources some wholesalers we don't have and of course, litigation.... we not only want to operate ethically and morally, but there are real consequences to not. 

But I think once you are buying 3rd you should be lower leverage or have done value adds to boost the rents so have safer margin/ratio.

Consider your shared vision, financial goals, values, morals, ethical alignment, and personality types. 2) You likely don’t want someone with your same skills.