I would increase vacancy and Capex to 12 to 15% and plan on losing 20% to 30% of asset value.

This is such a great opportunity and a  GREAT potential wealth building asset. 

-------------------------------------------------------------------------------------------------------------------------------------------------------------------The seller purchased this almost entirely vacant and highly distressed asset in cash in 2016 and has had X company handling the management and renovations since.

Can one obtain a commercial loan for a 4plex if purchasing 4 at once?

I feel good because I have great cash flow.”11.Have you ever done a review of your assets - liabilities to figure out your net worth?

The asset in different LLCs are protected even if one LLC is sued,  OR- Create a holding company that holds all the LLCs with the properties and the property management company, (need to create PM company because you don't want to do property management via holding company, see below for reason ).

At our current rental we obtained the permits ourselves as the homeowner without any problem and did the work ourselves which saved us a lot of money.

Discuss with your banker options for obtaining a HELOC on your primary residence. 

I recently seen a single family two bedroom house for sell he brought it for maybe 90k and I wanna obtain the property for my first rental but also he didn't really finish the inside up so it's still kinda gutted.

I know licensed guys whom are actually not good tradesmen but excellent GC's in that they understand how things work and are good managers. so yeah, it can't hurt and just like real estate if one is willing to learn it could really be an asset. in many states a homeowner can pull permits so it really isn't that necessary for that.