I'm looking at purchasing a fourplex with the following numbers:Asking: $225,000    (my research indicates he was asking $215,000 for the last two years)Property Tax: $3560  ( non homestead)----Built: 1977Heating: water baseboard with natural gas boilerWater: owner pays, single large water heaterLaundry: coin operated (owned)Garages: 5 totalSeparate electric meters----Rent: $650 for 3, 2 bedroom 1 bath units 750sqftRent: $550 for 1, 1 bedroom 1 bath unit 600sqftTotal: $2500 per month----My plan is to purchase using an FHA 3.5% down and owner occupy. 

Coin laundry?

Any idea of ballpark cost for this?  Currently I don't have a house meter.  Would like to be able to run an electric dryer. 

Also there have been vandalism and coin operated laundry got broken into that possibly related to the same tenant. 

5% is a little low, but this is super local.What about income from the coin laundry?

You will probably be paying fort at least lights in the driveway and also have to manage coin ops in basement once every couple weeks.

So I say go for it Bo-Bo, light this fire, let's get er done and over with so we can sooner get onto the other side of this coin. 

I would add a couple commercial type washers/dryers and make them coin operated.

I'd say do the cash out refi. 1) Interest rates will be going up, and most of us have forgotten have ridiculously low a 3.5% mortgage is. 2) You nearly triple your cash on hand for doing "other things." 3) You know you want to jump into the game, and having cash "sitting" may push you into into action. 4) Hell, worst case you open a BlockFi crypto account and earn 8.5% interest on that $90k :D 

I’m in leesburg va I own 5  houses currently including mine in leesburg Ashburn and one in Clarke county I stopped real estate in 2013 and have been doing stock investing and some crypto, since but still manage the properties here i like that the values rise but also cash flowCurious what other investors are doing as I love growth but I also like the monthly checks coming in , tempting to cash out some stocks and buy another property in Reston or Herndon as things gradually get back to normal