A major negative is that when you strip away the industrial era attributes like water transportation, hydro electric power, relative cool summers ( an industrial neccessity before air conditioning), a semi skilled work force, and the advantages of having a geographically concentrated industry, you are left with a city with a high level of poverty, a low level of education, a corrupt and ineffective government and very bad weather.  

The home value spike of 2013 to 2016 can be significantly attributed to cheap money.

The best way to value 3-4 unit buildings is using the sales comparison approach with nearby sales comps with similar attributes to the property.

What percentage of both income and expenses are attributed to the owner occupied unit and how does it affect the numbers on the excel file?

That is a defeatist attitude.Never over look negative issues with any tenant simply because they have a few good attributes.

I should get more specific on the actual attributes for the rental property because I definitely am not going to buy just any rental property that may not be a good investment just so I can check the box for my goal.Thank you @Joe Villeneuve! 

There are many factors attributing to your results in DM and have yet to find myself in a position to be comfortable with 6 months of DM not paying itself ten fold when other tactics far more cost effective have worked great for me.

I've seen that quote in multiple forms in many places attributed to many different people, but that's the essence of what it means to eventually have the luxury of "firing your boss(es)".For what it's worth...David J Dachtera"Success is not a destination.

So, usuing your example if the capital raised is $2.4 million, and you put in $240K of your own money, you might be able to get 15-20% ownership rather than the straight 10% attributable to your investment.

My strongest attribute is in acquisitions and I just focus on this while scaling the business.