So this is a bit of a unique property in that it is the only piece available to purchase of anywhere near its size.  

It keeps you focused on the task at hand. 

If your PM can't follow this simple task, then sure, price could be a problem, but exposure could be too.When checking rents in the area I do 3 things -- Rentometer, Craigslist to validate (looking for comps), and then FB to confirm my validation.I have a C property in a C area, and I was astounded at the rent (higher than I thought it would be).

I agree that the math is quite simple, but it’s just another task that has to be done.

I recently took a position in the field of property investment and have been tasked with obtaining properties that are listed as in probate and tax delinquent status.

He claims that his issue is that he is unable to preform the task of moving some of his belongings.

-We want to build something small, and unique.

@James Cash your scenario isn't unique to just fourplexes, rather, it's all FHA Home Loans for owner occupants.

@Jordan Lucas My experience has been awesome, First  I  affiliated myself with a RE Real estate investment firm (they wholesale ) now the cool thing is that the company I work with have a unique system that allows us to have constant flow of deal and also a great CRM for our investors (quality investors) So I saw that on that company and then decide to leverage from that, Make money and use it as University (basically )  I'm still learning and you never stop learning.

I believe college offers many unique experiences, -- networking opportunitites and (hopefully) educational enlightenment and if you don't take advantage of them now....it might be tougher (although doable) to get back to them later in life.