So I'd say the answer to your question is it depends.

If you choose not to rebuild/replace your settlement would usually be for actual cash value.It's unlikely you can get a settlement for above the coverage amount you paid for.

I have some experience here, and my answer will be it depends. 

The biggest thing with 5+ units is everything is more expensive, and the inspection requirements (depending on the municipality) are often more rigorous.

I am a new investor and was really hung up about which platform to choose that would offer the most bang for my buck before I start seeing returns.

Hey jason, a lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

However, be mindful of the Section 461 business loss limitation, which could restrict your ability to deduct excess losses in a given year, depending on how your rentals are reported.This post does not create a CPA-Client relationship.

You are bleeding money now, but each year it might actually get worse depending on the financials. 

Hi @Zhong Zhang I have used vacancy hacks over the years to get personal properties under 1% when turning tenants over. 3% increase depends on renewing or getting new tenants, when renewing tenants that's  a safe amount. 

Remember, if a deal is truly off market, you have an owner who knows they are able to sell and is choosing not to take the very simple step of listing it.