Assuming a $200/mo per property cash flow after PITI, PM, and 15% additional hold-backs you could hold back $20k for initial reserves and buy 3 more like properties tripling achieving the same cash flow as if you had paid cash for 1 property while cutting your risk of tenant default by 65%.

The subject property is in the town of Carthage and sits on a double if not triple lot. 

Pricing has doubled tripled or more over the last 6, 7 8 years,  ALL THE BEST 

As a first time investor, you could end up with renovation costs that could run double or triple what you were expecting.  

Multi family is the most stable but also is more profitable than Single Tenant Triple Net Lease properties. 

These prices doubled during COVID and would probably triple if tariffs or shutdown with China.  

That's easy compared to trying to fight and erroneous $13k water bill (a real issue we had) or an insurance policy tripling (that too).

Last thing I will leave you with:Ultimately, the best answer is always to triple-check everything.

His rental agreement basically needs to be a Triple Net Lease b/c you’re not setting aside Property Management, CapX, OpX.

I sure have noticed because my agent-earned shares have tripled in value in the past few months!