If you bought the property with cash you might be able to pull out the equity using a HELOC or home equity loan.

If money is tight (selling on your own might actually be costing you money, like using a PM will cost you returns) and it means a difference in your quality of life, sell.

Tenants actually save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

Derrek, if it helps please consider using a financial model to calculate the returns on your investment.

You might want to consider using a DSCR loan if you plan on holding these properties. 

Management of one property is pretty easy with the apps from VRBO and AirBNB and simply using a Google calendar or simply talking with your cleaner.The extra management stuff will come with time once you get rolling.

I'm thinking about offering a lease to an applicant using a strategy done by a local PM company in my area. 

Since we don't have many assets we figured using a free online resource to create this would be sufficient at first.

James,I've kind of been using a similar strategy, so let me make a recommendation.If you considered refinancing your 4-plex into a conventional loan, I assume you have cash to cover the 20% down payment. 

If you have any questions or concerns, be sure to ask for clarification.Use a third party: If you are uncomfortable dealing directly with the lender or buyer, consider using a third party, such as a lawyer or real estate agent, to help facilitate the transaction.It's always a good idea to be cautious when dealing with unfamiliar parties, especially online and out of state.