Of course, this is not all nor the only questions to ask yourself, I would say to really weigh what you are willing to spend and maintain for STR v.

I think you need to write down your goals....it seems to me you know what you want as a long term goal....but concentrate on short term goals and follow through.

Depending on the areas, I'm willing to budge on the cap rates that I try to maintain, or the financing I try to obtain.

His rent is way low and I am sure he will try to keep it, but I can only pray that he wants to maintain a low profile.

The plumbing for 4 unit might cost $6,000-$8,000 for per unit cost of $1,500-$2,000.3) One siding/exterior to replace/maintain vs. 4 for SFHs4) Taxes for 4 SFHs combined will be less than taxes for 4 unit (at least in my area)5) One tangible asset to manage vs 4Benefits of investing in 4 SFHs1) Tenants responsible for all utilities2) Tenants responsible for lawn maintenance and snow removal3) Generally, tenants tend to stay longer in a SFH vs an apartment4) More exit options vs 4 unit.

If they're selling you the property, chances are they're in financial straights & have not maintained the property.

Other folks like the idea of paying a flat fee in dues to the HOA because they know they don't have to worry about cutting a lawn, maintaining a pool or fitness center, repairing or painting the exterior and so on.I bought my first property at the age of 20, and bought a townhouse specifically because I wanted an HOA.

My day job includes financial oversight of school facilities remodeling so I know enough to not "pull it" but rather "cover it" (may choose a wood laminate) but I have a few questions I am having trouble getting answered;1) In schools we are required to create and maintain an Asbestos plan with includes the identification, containment and abatement processes for all of our buildings.

I would like to just concentrate on buy and hold but didn’t know if that was a smart move!

Hardwood - can be expensive to maintain and update, get vinyl or tile for easier maintenance.7.