Like dishwashers, garbage disposals and the lot, it's a matter of being an appropriate upgrade for the kind of units.Like @Corby Goade says, I do add A/C if I'm replacing the entire HVAC system.  

If they are only seeking a check every month and the largest amount possible based on the equity of this other property then sure it's a fine decision.A couple other thoughts though:With a smaller multi-family a vacancy is felt more financially than with a larger one, but the extent of that is influenced by the market's local metro and property location; andWhy not use some of the equity from the property to fund the purchase of the smaller one and then have two properties generate (probably) the same amount of income or more with debt service on both.  

BP,
I'm currently evaluating an 11 unit deal. The current owner has divided up 3 SFR's into several units. What I would like to get some advice on is how can I be sure these conversions were done properly? Permitte...

To get a taste I'd recommend acquiring a multi w/value-add (lots of sweat in other words) in a B+ area wher you can live and rehab and above all, LEARN as I've observed over he years it's not how much capital one has at their disposal but knowledge that will ultimately yield you the "cash-flow" you're aspired so to grow.  

Hi everyone, I am a veteran and would love to use my VA Loan to buy a multi-tenant dwelling unit in Texas, keeping one of the units as my own for when I am in town and renting the other ones out.

Unless you want to own multi family unit buildings which are a whole Other story, I would go the condo route.

The professional's guide to double digit returns, multi-generational wealth, and a worry free retirement." 

We have decided to begin our journey with a single family house hack or a multi family where we would occupy one the units.  

If it was built before June 15, 1976 it's considered a PRE HUD Mobile Home and many MHP's won't allow them in their communities because they're too old and only serve to further blight the park.Additionally, moving a MH, especially a multi-section MH can be a very costly undertaking.

I'm a multi-family investor here in Indy.