We rented it out to friends of friends that want to eventually do a rent-to-own type of scenario, we don’t know if this is ideal for us though.

ideally you want to inspect every single unit in a multifamily..... when you are talking big numbers, that not practical, but you should try and inspect as many as possible and YOU get to ick the units and numbers.Believe it or not, there are sellers that will hide stuff from you :)And again on cost.... it really depends on how much water damage you actually have and what you are putting back in..... this isn't necessarily a "basic remodel"..... so don't compare it to just a "remodel"......

I just hate that most of the people I deal with for business are so behind on technology.

In Milwaukee most of the quads we have are small units and affordable housing type properties; not really ideal for a house hack.

Looking for occupancy %, new builds, etc for my local market ideally. 

Ideally, you will want to stick to an area where you grow the value to the neighborhood over a 2-3 year term, this is important because there are people from all over moving to Ft.

There is case law where one partner has been sued and lost because the other partner lent his car to his own son who then got into an auto accident with heavy monetary damages.

Hi Joseph,Why not make story 1 Grandmas house (with everything she needs (quick temporary type remodel--walk in/roll in shower, handicapped water closet, one of those beds that auto tilts up at the head, and a new big screen TV. 

Depending on the age and condition of your property, you should ideally be setting aside 3-7% of your gross potential monthly rents (occupied or vacant) to repair or replace Capital Expense items. 

Brokers are willing to do this because they only get paid a commission when a property is sold so they’ll work with tons of investors and find their ideal properties to maximise their commissions.