Are you living in it or is it a pure investment property? 

Actually summer has always been really busy for me as lots of WFH tenants come to enjoy the mountains.

Dollar cost average your way in and enjoy the ride!

From a pure decency perspective, it's unforgivable for sponsors to not communicate to their investors. 

You seem to enjoy fueling fires with all that gasoline.

We thank you again for your stay and hope you enjoy your time here!"

It’s great that you’ve already started practicing with NOI and cap rates for evaluating properties, but you're right that smaller properties, like quadplexes or less, are often valued differently.For residential properties with four units or fewer, the market tends to focus more on comparable sales in the area rather than purely relying on income calculations like cap rate.

Did he enjoy the monthly cashflow?

I was going to run an STR in the home and he would enjoy a higher rent than from a regular LTR rental AND he would have the property managed too.All was going beautifully.

I’ve been enjoying listening to Bigger Pockets podcasts for a while and read a couple Bigger Pockets intro books to real-estate/house-hacking.