If a "few" years means 10 years, this would be an investment that I shouldn't have made in the first place (i.e. the IRR is far below my RROR comfort level).Note:- Cap rate is irrelevant in this case, if this property is a true multifamily then cap rate can be used to estimate your exit price, but you already know it (i.e. 200k).

@adrian stamer I'm not sure how you can determine my risk level with out reviewing my deal.

There are parts of the country especially in rural areas or cold belt states where over expansion occurred and the towns demographics did not support that level of development.

I bet national inventory levels in the Spring will be sitting around 4 months of supply.I think we will start seeing a disconnect between markets....meaning all markets will not be moving in lock step.

If you're taxable income is near or above these levels, consider using Section 179 deductions to  reduce your taxable income allowing you to qualify for the qualified business income deduction.

If you buy a single family fixer upper in a good neighborhood, you'll likely come out on top.

@Anthony Dooley We're at the ground level of a brand new movement in housing!

 @Jesse PhillipsThe benefits as far as tax goes, at the surface level, are the same between SFR and multi family since they are both investment properties.

I know you'll be successful because with this level of perseverance, it's impossible to fail in the long term. 

@Ron Alexander For distribution, you can have one or more per LLC, and that depends on multiple factors:- property class - you might not want to mix A class property with a D class property in the same LLC, due to different tenant level- cash flow - you might want to keep your cash flow cow separate (and alone) from the ones that barely produce (and can be combined in one LLC till they start "producing")- equity - you might want to keep the one with large equity in its own LLC while you can group the ones with little equity in another LLC (let's say you have one with 50K equity in its own LLC and 3 other each with only 10K in another LLC, till their equity grows to your risk threshold when you move them out in their own LLC).- number of units (in the case of MF)- location of real estateThe investor has to decide what mix is optimal for their situation.If Series-LLC is an option for you, get one and put each property in its own child Series-LLC, problem solved.