With a 2-4 family, you have more cashflow and that cashflow is more secure given you have more tenants paying you and the financial impact of a vacancy is greatly reduced.The quality of tenants you will get in a 2-4 family will be quite similar to your tenant base on a 20-unit building: so by acquiring a 2-4 family, you get the property management practice that you need when you have the resources to buy a 20-unit building.

. - Whoops, mortgage rates dropped too much and/or everyone that waited to start their refinance locks today, impacting supply/demand of mortgage money.

If so, how did that impact your selection process?

. $50 when we're talking about $100 cashflow is a big deal, and has a huge impact on CoC when you're looking at multiple properties. 

Possibly traffic impact studies.

We always tell clients that taxes need to be considered, but you still need to consider the total economic effect and impact on other / future opportunity.

This option also impacts the refinance as the property will now have comparable sales with other 3 units. 2) Install the fire suppression system and parking lot with the hopes that the property will appraise for the additional amount so the refinance will cover the additional costs.

If you knew the owners had to kick in $500 monthly to the lender on top of your payment to them, that would probably impact your desire to take over their mortgage payment!

Does anyone know the impact this will have on the ability to have multiple VA loans at once?

Finally, the "how" you'll finance the property is going to impact what kind of equity you'll need to look for so try to have a clear idea.Hope this helps and good luck!