So don't rely too much on your cap rate, and concentrate more on what is highly desirable and what will stay rented by actual humans. 

Are you looking to concentrate locally in the beginning?

I am so excited I barely can concentrate at work.  

@Robert Alberty- we are a bit spread out, but also with a concentration in the mid-cities. 

Would be managing from ~20-30 mins away.Trying to narrow my focus and concentrate research on the following areas: University District, Bagley, Redford, Dearborn and possibly further up to Southfield.

As long as the powers that be concentrate on the big guys and I concentrate on covering my butt my life is easy.

lolAs an example, the federal banking regulators, including the OCC, last issued a big written warning about CRE concentrations in December 12, 2006, when the most commonly referred-to guidance regarding CRE concentrations was written:https://www.fdic.gov/news/news/financial/2006/fil0...By then, it was too late to turn back...The only reason I would know that this announcement is not even MORE later than it should be, is if all 3 federal regulators - OCC, FDIC, & Federal Reserve - had agreed.

For us, 2016 thus far has been a year of concentrated effort in the area of personal finance and investing, and I feel like we are learning so much every day as we take real positive steps for the future of our family's finances.Real estate investing has really captured my imagination in the past several months, and I want to become a more involved member of the BP community because I believe that will be a catalyst to invest myself even more and take steps to get skin in the game.

This is why we have concentrated on buy and hold in the mid-west.

I would concentrate on the four-plex in hand and make sure the numbers make sense as well as the location.