There really isn't much 4 unit inventory in general thanks to the popularity of the omni-present triple decker.

The property is worth considerably more than it was when they first financed (IE like double or triple) and rental income is up about 30-40%.I am interested in refinancing to get extra cash out for other endeavors.

Anyone considering in investing in Binghamton, NY and surrounding municipalities needs to read this article.www.pressconnects.com/story/news/local/watchdog/2018/01/04/flushing-millions-down-toilet-broome-sewer-plant-rebuild-cost-projection-tripled-275-million/960700001/

I am currently using Voepel and it has been a headache just as @richlopes stated. constant maintenance items. also, make sure you triple check your make ready items.

Triple-Net Lease: A lease that requires the tenant to pay for property taxes, insurance and maintenance in addition to the rent (also referred to as a “Net Net Net” Lease).

But in my opinion with ONLY 10K I would want to put my money in... get it out.. and either double or triple it.

In the 3 city example above some rents (cash flow) doubled to tripled since 2000 for example. 

If your house burned down because of short-cutting the system, getting over-confident thinking you know it all, you are on the triple-barbed hook.

I'm not saying it can't be done or to "aim low" but there's also nothing wrong with building some doubles/triples and then either being part of (or leading) a syndication.

So with that there is pretty much no involvement from him besides stopping by and picking up a check once a month, so the answer is no.... no disclosures, no guarantees, no updated financials, definitely no triple net leases either, Usually I can't even get him down there for a few days if theres a leak or something.