Multifamily homes generate more income per unit of CAPEX (a roof on a multifamily home isn't any larger and still needs to get replaced every 30 years, etc).Multifamily homes can have higher expenses (4 kitchens, 4 fridges, 4 dishwashers, 4 furnaces, etc),can't always split utilities (water isn't separately metered, can't be charged to the tenant in Utah) and things like mowing and snow removal end up being LL responsibility).Now... comparing Quads to say duplexes?  

The HOA fees can eat away at your cash flow but on the other hand if you are out of state you can have far less maintenance issues as the HOA take care of all building maintenance, cleaning, common area, snow etc etc. 

Collinwood is within Cleveland so you get Cleveland police, fire, and snow plows.

Thanks @Scott Snow and @Joel Owens.It looks like I'll have to play the game to figure out a good price.

They even came back out a few days later after snow had melted to look over the roof for me. 

Documented.Example;  snow or ice removal procedures, documentation of rental refusals, eviction procedures, auction procedures, abandoned property procedures, carbon monoxide or fire alarm systems, chimney cleaning, grills in wood decks, etc.Even if you get sued and lose, the judgement will be less with operating procedures.  

(If that cash flow meets your criteria.)Also, are tenants responsible for all of their own utilities, lawn care, snow removal, etc or do you need to factor in any of those expenses?

To know what expenses to subtract you look for what is coming out of your pocket such as: Property Tax, Insurance, Vacancy(which is 5%-10% of the rent), Repairs(5%-10%), PM (11%), Water, and Lawn Care/Snow Removal.

I pay $50/month in utilities (sewer/trash); All other utilities and lawn/snow is handled by tenants. 

We did have our first measurable snow fall in five years yesterday, about 2".