My projected ROI is 4.5%... so do I purchase it, or wait and save up that money for a bigger down payment on a multi-family property?

No matter how much time and money was spent on renovation, trying to simulate heavy use of the mechanical systems as a result of the occupancy by a family was different.

Not to change topics, but what I find most alarming is a popular movement of syndicators educating other want to be syndicators on how to raise money and syndicate multi-family deals and other investments.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Our short term goals are to obtain single family or multi family assets for long term rentals. 

Goal is to work towards multi-family ownership in the next 3 years. 

As a current property manager, your lease should have clauses regarding the tenant's proper use of the HVAC system.

They don't have systems in place.

A Bookkeeper can set up your Accounting system, sync your bank accounts and would be able to work with you to make sure everything is being tracked correctly and you can keep an eye on your balances.Let me know if you need any help with your Books, I would be happy to have a chat.Otherwise, QuickBooks is the most common Accounting Software and I set up all my clients with a BOX account for document storage, since it is free up to 10 GB. 

Then follow those concerns with solutions, such as having a system in place for tenants to make maintenance requests (including in emergencies), why all of your spare time won't be consumed by these investments, being properly insured against hazards, etc.Your wife doesn't have to be passionate about real estate like you are but if you address the concerns upfront, it's much easier to get the ball rolling in the right direction.