You also have to prepare for a lower grade tenants and more management intensive ownership.Another advantage of a higher rent/price on a 4plx is it will help your DTI ratios during loan qualification process.

But I have also been through some trying times and tested my staying power.

I would recommend testing the market out at $390k, and take it when offered.

After I close that one, I will list this property and test the market for about a month or two before deciding what to do. 

Do a smell test on the numbers yourself.  

Same procedure for boiler/heating system but perform a separate test on this.Usually the elbows in runs near the exterior walls break first which actually reliefs other parts of system.I have seen freeze ups where it was only minor a few elbows here and there.It really needs to be done on a case by case basis but it seems like your preparedfor the worst but I don't think it will be that bad. 

Thats not to say it doesn't come without some tennants on the margins of society :) I'm sure this one will be management intensive. 

Buy the pump, get a 55 gallon plastic drum, cut it in half, drill a bunch of holes in it (big holes), dig a big hole in the ground in the crawl space about 6 inches deeper than the half barrel, pour 6 inches of gravel in the bottom, put the barrel in, pour gravel around the sides, set a solid concrete block in the bottom, set the pump on top of it, run your hose downhill of the house, plug in the pump and test it out (use a hose to fill the barrel).

Originally posted by @Nick Britton:@Vicki Gleitz What an intense story.

The book contains a chapter test for each chapter as well as a practice exam.