I recommend visiting in person and getting to know Indianapolis on a detailed level, establishing a trusted team and meeting them in person (or at least Zoom calls). 

Define roles, financial contributions, profit-sharing, and responsibilities in a detailed agreement.

To their surprise, bookings actually ticked up a bit.You dont have to highlight every detail of your exterior if it’s not your property’s strongest suit.

It served us well, along with the other detailed information they could provide, to make an informed decision. 

Here are the details of the property:Property Overview:Location: Texas2 lots, 2 warehouse buildingsFinancials:Mortgage: $4,897/month (balance: $530,000)Insurance: $830/monthProperty Tax: $1,800/monthBuilding 1:1 tenantRent: $7,570/month12,000 square feetBuilding 2:3 tenantsTenant 1: $2,850/month (5,000 square feet)Tenant 2: $1,793/month (2,500 square feet)Tenant 3: $895/month (1,250 square feet)The property was appraised for $2,200,000 three years ago.Given the current rental income and expenses, the cash flow is decent, but my family friend is looking to explore options that could potentially yield better returns.Would it make sense to:Sell the property outright and invest in higher cash-flow opportunities?

If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.

Feel free to message me for more details...

Here’s a detailed look at our situation and the questions we have:1.

Sure maybe more detail to the insurance policy, but you came out a winner with the hand you were dealt.Total freak accident.

It would be best to schedule a call so that these items could be discussed in more detail and provide answers to any additional questions you might have.