Ultimately I am worried about protecting our business's reputation, the safety of our tenants, and having a viable rental. 

I try to spend a little more time initially on making sure the maintenance is up to par when I buy a property and I rarely have any maintenance issues.

Some things may be different, such as the occasional leasehold condo and coastal issues, but the rest is just the fundamentals -- marketing, financing, rehabbing, etc.

What other issues/roadblocks may I face that I am not aware of?

I suspect an experienced local investor would not be scared off by this house because they could physically see and understand how to address the issues in a common sense affordable way.

How much is typical EM on a multi family asking 4M?

Lastly, house hacking lets you live in a multi-family property while renting out the other units to cover your mortgage.

We're working on financing out of a current property and ran into some issues with the appraisal.

Thank you,Dave Use bank statement loan so dti is not an issue

Where I lack understanding is at what point do you start making money for example you buy a duplex lets say it was 300k the monthly mortgage is 2,500 each renter pays 1,500 thatd 500 cash flow which is I guess “profit “ but as the landlord you're responsible for major repairs such as but not limited to roofs, plumbing issues, electrical issues that all can be expensive you would have to have money saved so that 500 cash flow is profit but wouldnt it just have to sit in a bank account?