Currently, I track net worth monthly on a simple excel spreadsheet (has columns for checking, retirement, index fund, etc...).

My husband and I are buy and hold multi-family people...  

-Why are you moving from a SFD to a multi-unit with less space?

Hello BP family,I want to learn how to invest in multi-family apartment buildings (16 units +) and apartment complexes.

If they are only seeking a check every month and the largest amount possible based on the equity of this other property then sure it's a fine decision.A couple other thoughts though:With a smaller multi-family a vacancy is felt more financially than with a larger one, but the extent of that is influenced by the market's local metro and property location; andWhy not use some of the equity from the property to fund the purchase of the smaller one and then have two properties generate (probably) the same amount of income or more with debt service on both.  

Guessing you're desirous to turn your Pittsburg dirt into profits, I think you're on the right track though will suggest strongly that you yourself or someone very knowledgable that you can trust and manage babysits the process down to keys in hand, as I assure you, dealing with contractors and all entities along the developer's path takes an entirely whole new layer of skin and nerve.

BP,
I'm currently evaluating an 11 unit deal. The current owner has divided up 3 SFR's into several units. What I would like to get some advice on is how can I be sure these conversions were done properly? Permitte...

To get a taste I'd recommend acquiring a multi w/value-add (lots of sweat in other words) in a B+ area wher you can live and rehab and above all, LEARN as I've observed over he years it's not how much capital one has at their disposal but knowledge that will ultimately yield you the "cash-flow" you're aspired so to grow.  

The better track record you develop with a lender the better their terms may become for you.

Hi everyone, I am a veteran and would love to use my VA Loan to buy a multi-tenant dwelling unit in Texas, keeping one of the units as my own for when I am in town and renting the other ones out.