Make sure the seller transfers the security deposit to you at closing. 

There is also more security with a multi family as you can have a vacancy and still be positive.

Assuming you collected security deposit for down but tenant hasn't moved in?

I wonder how those are performing... or would perform?    

Some people can't sleep if their money is at risk in securities.  

Does anyone have feedback on mountains/market areas perform better or worse from an ROI standpoint?

Be sure to get the security deposits for all four tenants at closing.

The person leasing does not have to occupy the property but the lease has to  be executed - meaning signed by all parties and the security deposit already deposited into your account.  4.

Well, for starters my name is Andrew Umphrey and I started listening to Podcasts about a year ago when I stumbled upon Clint Salter’s Dance Studio Owner Network Podcast, which has taught me a lot about my wife’s (Erin Umphrey) and my current endeavor/vision of our Performing Art’s Studio named Artists in Motion locates in Schuylkill Haven, PA.

They are interested in being equity partners as opposed to lenders, but would still require their investment be secured by the underlying properties.