As a "Land Lord' I guess you have the option to do what you want it's your money.Lazy is not paying attention to your investment in my opinion.Personally I'm not  lazy I don't understand the concept.I do understand how to maximize time, money, and effort to turn a unit, get the best possible market, income and keep my investment profitable, and my head above water so I can relax..sure I do some things myself and other things I hire out and it's seemed to work for the past 40 years so I guess I'm doing something right.

I guess I can always make an offer at a price that I think would be worth my time and effort to focus on the opportunity but it will have to be significantly lower... tbd

I ran cross country and track at The University of Mobile and Mississippi State, so I know what it means to put in the time and effort to get what you want. 

He's a genuine guy and I just want to do right by him.  

Please do not take my comments to defeat your efforts or your goals, they are merely my view of this reality, and are meant to inform you of the current real estate market.

Most genuine HMLs will lend you 65% of purchase at 10% and 2 to 3 points.   4 units is tricky, however.  

In an effort to bring urban sensibilities and conveniences to these residential areas, there has been a rise in mixed-use developments.

South Florida to be exact, deals are here you may have to multiply your search efforts.

Yes IMO it's a long term mistake AND it takes extra effort to implement it too.

Maybe add verbiage to contact with a commercial brokr that if you bring the Buyer the commission is "X" and if it comes from any other source outside your personal efforts , the commission is "Y"....???