Metal building will likely be more to build but with lumber prices the way they are right now it’s probably fairly comparable.

At the end of the year, compare what you’ve ‘set aside’ versus what you’ve spent.

In fact, there are very few small MFH around the way compared to here so we're looking to house-hack but are open to other opportunities.  

Without taking too much of your time, let's jump right in.Rent comparables, using the lower-mid end of the market:1/1 - $14753/2 - $2500Mortgage 30YF @ 4.359%, 14% downTriplex- 3/2 & 1/1 & 1/1Asking Price 519,000EGI65,400 - vacancy (5%) = 62,130Yearly Operating ExpensesTaxes (1.15%) - 7,785insurance - 1500 repairs (5%)- 3270CapEx (10%) - 6540PM (10%) - 6540Utilities - 1500Total Expenses- 27,135NOI= 34,99534,995 - 27,384 (mortgage- refer above) = 7,611$$$634$$$ CASH FLOW per month, or over $200 per door for this multi in LOS ANGELES, CALIFORNIA CA!!

(get data points to compare)Is it in a good area with reasonable chances for long term appreciation....?

Watch the properties see what they sell for and compare your numbers. 

Also like the idea of starting to prepare the tenants for the new management approach and expectations I'll bring compared to the previous owners.

That just doesn't feel right to me :) So, if you want to hire somebody to buy and deliver stuff to vending machines you need at least 10 machines, because otherwise the salary of a person would be too high compare to profits you are getting from the sales.

We actually had three or four other scripted elements that never made the final cut.The crazy thing is that none of this was the original script. 

For the area it's in the rent is low compared to what I could be getting (some homes in the $1000 to $1150  range).