I am scared to pull money out of my home unless it is generating income in which it will this year.

Your rentals should only perform better over time as rental income increases faster than property taxes, insurance and other expenses.How much will that contribute to your retirement income?

These plans are beautiful inventories of zoning, demographics, income, traffic patterns, etc. but now what?

I dont have the full purchase price of this 4plex to invest though, so I would have to finance half to 2/3 which seems like a stumbling block. i can still make the numbers work, but at a much lesser monthly profit i suppose. i also dont have the w2 income to support 2 mortgages (counting the one i have on my house), so i assume any bank would have to count the existing leases towards my income which i understand is possibleI guess I was wondering about advice, or red flags, anything, on this specific deal.

Also is the $41,255 NOI or is that just income?

If the appraiser believes the income approach is necessary for credible assignment results, then the income approach must be included.

The tenants are on a fixed income and were getting help from the other five family members for the 3,100 rent.

Anyway, you are allowed to pay yourself,  but that turns passive rental income into actively earned income, subject to self-employment taxes @Nicholas Radina

I would like to add to that I've just been busy with other stuff.I keep track of income / expenses for my 3 income producing properties in a spreadsheet.I also just bought a new home last year and still trying to sell the old home.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.