While there may be some quadplexes here and there, none of them would pass FHA self sufficiency tests based on those I've talked with and the numbers I've ran myself. 

As long as the bank will accept this title policy, it is sufficient for our purposes for now. 

Also to clarify...you're only a cash buyer if you actually have cash in your bank account sufficient to close.

@Cory CoxThat is correct, Expensify is great for photographing receipts and doing expense reports, but it is not sufficient as a double-entry accounting system.

Depending on downpayment & purchase price, you could still get some modest cash flow (or at least I hope so) Keep mind if you were to go with FHA on a 3-4 unit multi-family purchase, the subject property has to pass the self-sufficiency test. 75% of the total market rent (aka pro forma) for all the units has to be more than the total monthly mortgage payment.

.- If going FHA, anything 3-4 units utilizes what's called the "Self-Sufficiency" test for lending requirements.

Even if self help was approved by the lender, the borrower/contractor will have to include the profit and overhead into the pricing that is added to the loan just in case the borrower/contractor cannot finish the project, there needs to be sufficient funds in the rehab account to pay another contractor to finish it. 

It’s not the quantity that matters it’s the quality!

A simple notice or lease provided 60+ is sufficient unless it's Burlington or Barre where you may need 90 days+.

I'm not willing to put up with a tenant who cannot prioritize their personal finances sufficiently to pay for shelter first.I also decided that I'm no longer willing to tolerate hearing "it's in the mail" from another tenant, so I use a bank branch deposit system.