Now you have gained $40k in an increase in net worth among the properties (not to mention the principle pay down or the tax benefit form property depreciation on multiple properties).I realize that having 4 properties would theoretically be 4 times the work, for the same cash flow.  

My question is, is it better to divide ownership equally among the units so each owner has equal say, or is it better to divide ownership shares proportionate to their unit size?

@Jaron WallingThe area where my father works is ranked among the poorest area in the nation and obviously, that would bring with it mostly people with a history of poor credit trying to refi.

In the future, I think you can just divide the utilities evenly among the units but if they aren't separately metered you will still be responsible for it financially.

Of course there are bad actors and scumbag landlords among the ranks.

One of the cons I've found is the accounting/bookkeeping side is a little more arduous as you have to split expenses among the rental and your personal residence. 

Rather than compare to anyone on here or in your life however, go out and be uncommon among the uncommon. 

Condos are usually among the better cash flowing.

Among the high tax states a lot of them have net out-migration like MA, NY, Cali.Problem is when you raise taxes, the guys that leave have jobs, skills and money.  

Austin ranks #8 among the top 50 best performing metros during the pandemic thus far.