Given all the risks with rental properties (vacancy, repairs, etc.) it is always better to have a lower payment amount to mitigate.

Management fees on multifamily assets are about half of what you will be charged on a single family home- vacancies in a SFH mean zero income, with multiple units you can still expect some cashflow- Investing in a syndicate is entirely passive after the upfront work to due diligence the sponsor and the dealIf I had a do-over I would have gone straight into multifamily rather than starting with SFH’s.

Looks like vacancy, repairs, and CapEx could be higher, but I don't know how old your property is, how much deferred maintenance there is, etc. 

You need to include vacancy, utilities, repairs, CAPEX and management allocations.

While you should hopefully be able to still rent your property you may see an increase in the length of vacancies or may have to maneuver a little more to get your units rented out, and unfortunately that often times means undercutting the bigger apts rent prices. 

However, I always say that the right tenant is worth waiting for instead of rushing the process and renting to someone just to fill the vacancy.

@Craig JeppesenWill vacancy and mtx be added back?

Ben, I have done a lot of evaluations of multi-family properties in more rural areas in Central Maine including towns like Farmington/Orono and In my mind, those are the places to invest. still have low vacancy rates/ low price per unit, trading at good cap rates ect. ya lower rents than Portland, South Portland but the frenzy down here is not worth it as an investment right now.

Average rent collection $4,400 given vacancies Utilities we pay: $700 a monthRepairs: $200 a month (some improvements built in there)Insurance: $80Property Taxes: $125 per month@ 12 years= $1,471 payment.Net cash flow: $1,824.Appraisal come in at $150,000 today.Combined the properties should cash flow over $2300 a month.

No particular area as long as 40 miles from large MSA and relatively stable job market and sub 8% vacancy average