Another specific reason you see less small multi development are excessive city and county charges which are a fixed cost and thus deluded over more units compared to few unit developments. 

With financing now, you can get in excess of 20% on your money in yearly cash flow.

That made excessive damages, when one kid turned it into party central, easily collectible.

Get a good quality dehumidifier and set it up in the home to remove the excessive moisture.

Thus these individuals generally don't want to keep excess cash tied up in projects because it lowers the return on this equity and doesn't allow one to control as many assets as they could if they exchanged, refinanced, or otherwise deployed the capital to a more efficient vehicle for growth.  

It does not include the mortgage payment.The most common mistake new investors make is to ignore all the real world expenses, such as evictions, court costs, advertising, entity maintenance, legal fees, damage done by tenants (in excess of the security deposit), lawsuits, etc, etc, etc.Good Luck,Mike

I am friendly and I am passionate about this industry and what I do and I am willing to share (which sometimes is in excess) what I can so please feel free to poke or jab at me as you see fit.

@Elijah Barrad I believe he was referring to the $57k in equity that he retains after the refinance plus the $7k in excess cash he pocketed due to the refi amount being larger than he had into the property.

I guess if we went to hemp or some sort of weed thing we could hit that. 

For a $100K gift, most likely there won't be a gift tax unless the parents have already made lifetime gifts is excess of $11.18 million.