I'm going to start writing weekly logs of my journey as a landlord - successes and mistakes.

you need a big funnel for any strategy in which you evaluate leads, and to continuously be ruling deals out - and to be happy you're doing so, not frustrated. 

The problem with that is it'll be harder for the residents and the vendors to use the rentvine features as fewer people want to log in to a website from a smartphone.Also, it requires a lot of clicks/scrolling/opening new pages/tabs to get to where you want. 

Also perhaps the homes built in the last 10 years have sprinkler systems and even drip systems near the foundation to keep the soil moist.Look for signs when you are viewing homes....especially in the hot areas.When we evaluate homes, especially with buyers we're looking at the BIG 5 as best we can. 

The reason I say this is that with a 5+ unit a lender will evaluate based on NOI and a cap rate, so adding a 5th unit COULD (or could not) substantially increase the value of the building and make it worthwhile to refinance and pay off the existing loan (that is tied to the "old" quad) anyway.

Quote from @Joel Bechtel: Hi BiggerPockets community,I’m currently evaluating switching to Allstate for coverage on my 7-unit multifamily property built in 1974, as my current carrier increased my premium by about 86% despite no claims.

Considering your current W2 income, it's important to evaluate the risks.

Unfortunately, this reassessment is unavoidable, so you’ll need to evaluate whether transferring the property is worth the potential tax increase.If a Transfer Is Not Feasible:If the potential property tax increase makes the transfer impractical, an alternative option is for your father-in-law to secure a Home Equity Line of Credit (HELOC) on the property.

Loans Not Owned by Freddie or Fannie If your loan is held by a private lender or another institution, it’s important to evaluate the interest rate.

What are some red flags I may be missing in evaluating this?