It was 16 units with a mix of 2 and 3 bedroom townhouses.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Large multi-family (5+ units) buy & hold investment.

Rents on the extra units likely will not pay for your mortgage and you'll need to pay full rent on the unit you occupy.   

I agree a spreadsheet would be sufficient for me with only two units. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Usually, 20 to 30 units is the tipping point for self-management, so you might want to keep expanding your doors until you feel the benefits of that cash flow (as well as the pain of the management).  

Attached is a picture and walkthrough to give some ideas but is anyone aware of what kind of paneling is used on this wall and where to buy (picture)?

After renovating and renting three of the units (while living in the 4th unit), I am wanting to refinance to pull out some equity and lower the interest rate. 

Houses come with their own land which condos don't.Condos are less expensive to buy, but you have to also remember there are condo fees that depending on the unit can add to the monthly payment.