So this morning I pulled the trigger on a fourplex (quad) in my town.

Just because you might have 125% debt coverage and adequate collateral with good credit doesn't mean you have the ability to endless funding, lots of factors play in to the picture that are beyond your control. :)

Good increase in equity , good cash flow, minimal vacancy factor and management requirements.

I would get the guys coffee, i would the trucks they used to go and pick up the investors from teh airport, I would work from morning until night with the contractors on these buildings....Fast forwardd two years, found a 3 uit REO, it fit his criteria....it was a 50/50 split with one contigency ***i was reponsible for doing all the work, renting, selling*** he would just provide material....Got that doen, now we have a cash flowing assest under our belt, and have TWO more properties under contract, AND i literally JUST helped him raise over 300k on a deal from my best friends DAD....Alot of hurdles, but it DAM sure works, if you work it!!

The peace of mind factor is not worth driving a 2,000 car.I have trouble with the idea of paying off the exising car note.

(when I have already factored out PM, mortgage and taxes)I do appreciate the issues of roof, fence, HVAC.

Also consider the value of your customer service that could be a factor in increasing monthly casflow.

The other stuff I factor afterwards like Growth, ROI,local economy, political city,is it a capital those usually do Well.

Personally, if there was one tenant not paying rent, I'd factor it into my offer, but I wouldn't be too concerned.

If they are equity investors, you'll want to factor in several things, including your experience, your financial projections, the risk of the deals you'll be doing, the length of the investment, etc.