@Sam Josh You can cash out for any purpose but did you compare HELOC on PR and cash out on rental property interest rate.

I’ve not had a chance to research the percentage of households that were renting at the end of the recession as compared to before to see if there might be a potential benefit to having rental property in a period of time when people are not buying homes.Good luck with the first property!!

If you still are still undecided after considering those factors, I would compare both markets.

I wrote the above for informational purposes.

I wrote the above for informational purposes.

Find comparable properties that have a similar amount of square footage and lot size. 

Comparable sold comps for existing fourplexes?

I will say, as a programmer, I built my own system that was comparable (better in some ways, not so much in others) in many ways to Dan's, but I didn't have online access to the Upset Bid sheets and that was a significant factor in my using his service.

An LLC is a pass-through entity for taxation purposes.

When estimating my initial investment calculation for the purposes of estimating ROI, should I factor in just the closing costs into the equation or should I factor in closing costs plus all pre-paid/escrow items.