Personally, I think MF is extremely vulnerable and dangerous in the current environment..

You need to be up on your state landlord tenant regulations.CA is, I understand, a very difficult business environment for landlords to survive in.

The younger you are - the better Roth is because you have more time to grow your wealth in tax-free environment. 

The way I calculate COC:Rent (Tax/Insurance/P&I/Maintenance)= Profit (I self manage and own in 0 vacancy areas)Take that profit and divide by my downpayment + closing costs (if any) + repairs = Year 1 COC returnYear 2 COC return I only count the down payment because I am not making repairs againIt's probably not 100% accurate because some would argue I should count the repairs and closing costs indefinitely but my Year 2 COC return cannot be under 15% and I prefer if Year 1 is above 15% but that's very hard in today's environment. 

Were focused on sustainability and our renters appreciate our respect for the environment through our choice of cleaning supplies, marketing, and operation procedures. 

@Jay Hinrichs,In today's law enforcement environment, don't take so much for granted.

If the spread between your cost of capital and return inverts (goes negative) because of interest rate environment, deal flatlines or fails, etc you'll be in bad shape.  

Fellow BPers in Los Angeles and environs,I've been doing deal analysis for MONTHS and cannot find properties that meet that 70% rule for fix and flip and BRRR.

Additionally they could be sued by bank stakeholders for mismanagement for not enforcing the clause in a higher interest rate environment, i.e., failure to be fiscally responsible in managing the loans.

It is a board game and can help you develop a strategy in a safe environment.