An example is a six plex we helped sell on the Oregon Coast.

Hi William..hope things worked out, we're working several small balance plexes for investors..terms are actually quite workable as rates have declined during the past two months.

Hey BP,I am looking at 5-plex opportunity deal and was hoping for a little insight on cap rates there.The property located in 35204 zip code.Does anyone happen to know what average cap rates are at right now in that area?

Hey BP, I am looking at 5-plex opportunity deal and was hoping for a little insight on cap rates there.The property located in  35204 zip code.

We bought a four-plex, lived in one unit and rented the other three.

I will add a bit more below;The casino project has portrayed a great deal of "hype" with many of Springfield's investors/residents/community.

As title states am interested in purchasing a 4-plex, owner occupying one unit and renting the 3 other.

You might get lucky.I'm dealing with my own issues right now as I have a 5 plex that is not nob and tube but is screw in fuses and the insurance company (auto owners) threw a fit and demand the fuse boxes all be replaced with breakers or they will drop me.I'm right down to the wire and they have issued a do not renew order until fixed because it has taken 7 months to get all the paperwork and consumers on board with the update.I have a really good electrician coming in two weeks now that he finally has his permits, parts and pieces, electrical company ready for the work to be done.The electrician warned that he was only doing this because he was friends with my PM.

My brother-in-law owns two FIG four-plexes and is very happy.  

House hacking a 4 plex is what I often recommend to people getting started.