Main benefits to this strategy include:- Low down payment options (as low as 3-5%)- Acquisition experience- Property management experienceThe NYC metro area has nearly 2,000 available 2-4 unit listings on the market.Other new investors consider the BRRRR Strategy.All the best to you on your journey!

And lastly how about the extra squatters that do have income and are paying the main squatters $$$ for subletting.We need to put up a fight and “DEMAND” what’s owed in backed rents and if the squatters don’t comply than see the them in court with an UD along with including All the John and Jane Dows that are squatting with the main squatters and most likely hit them with a JUDGMENT with a DING on the main squatters credit including his wife’s credit along with wage garnishments.

Your main concern should be whether these bedrooms and bathrooms on the lower level are legal and have the proper egress require for fire code and livability.

If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.

Bathrooms if you can zero threshold people love those and as they age out they need it anyway but that would be for main level. 

But at turnover you needed better paint and change out window coverings almost always.. change carpet every other tenant.. glad i had concrete floors in the main living areas..

The main factor is will rents cover the debt liability and can you sustain 3-4 months of no income to cover the debt? 

Quote from @Caleb Brown: I always wondered if someone creates 2nd accounts just so they can comment with their main to drive business. 

This deal is mainly operated as a business so I think that makes the most sense.

Yes I do understand a majority of people don't think its a good strategy mainly because of the turnover, the risk, the lack of equity.