Given that there is no mortgage on the 4plex, it looks like its all profit and its got pure cashflow. 

Pure cash flow would be close to $10,000 month and still have $100,000 for reserves.

Yeah, it’s hideous, but at the end of day I still thoroughly enjoy drinking a beer (and morning coffee) while enjoying this view! 

We always have a different local guest speaker come to each event and give a presentation of their real estate story to date, food, drinks, and lots of time for networking. 

My people were writing philosophy when yours were worshipping the grass snake and drinking each other's blood out of skullcaps.

https://www.reviewjournal.com/   I don’t see myself going to Vegas and drinking sitting beside the pool, but doing nothing for two weeks could actually fill up my one year fuel tank. :-)

After that it is pure added profit to your bottom line.

We do have a minimum of 20% down however (and values in vacation mkts like Joshua Tree are getting more scrutinized right now, although not as much if a pure purchase), so if 10% is a sticking point a general non-QM mortgage broker would be your best bet (although Fannie just in April really tightened up on this product if 10% down). 

3) What happens if one of you drinks & drives, killing someone and getting sued by the victim's family?

Purely coincidental, I just closed on a single family house in Bolingbrook this morning.