Hi Jay,To make any suggestions I would need more information on your 4-plex: Size of each unitRent for each unitYour expensesAverage vacancyLoan infoCondition of the propertyAge of the propertyAny recent sales in the neighborhoodQuality of the area: A,B,C or DTerms you are looking forWith above information I might have an idea what you can expect.Good luck,George

Most of my properties would be considered C or D by most people.

After a bit more research, Hammond turns out to a a high crime region - so I'm assuming C or D class.

I am looking to do this on my primary residence that I have renovated, does that change the equation at all, since most of the thread is referring to COR on investments.

I would not recommend looking at C or lower neighborhoods just to get the cash flow.

The LLC might not have the tax formation (such as an S Corp) that is likely best for your tax situation so long term that might be something you want to address, but I recommend making money first before getting focused on cor porate formation. 

Does anyone know what range are the cap rates for class C (or may I say C-) multifamily properties ranging from 15-30 units?  

A, B, C or DTell what the property is like?

Hello everyone,I have read some articles and post where people talk about a class A, B, C, or D property.

@Sam Denny - in my opinion, basic real estate investing in north Seattle and into Lynnwood is no longer a cash-flow game, but a bet on appreciation or tax strategy.