More often you see properties designed for single families being rented out by multiple people.  

YOU CAN DESIGN YOUR OWN INVOICES.I DESIGNED AN INVOICE CALLED TENANT BILLING.

The 4 plex is completely rehabbed...new electrical, plumbing, and a total interior top to bottom.  

We will be meeting with the kitchen designer tomorrow.

@JPaul Mills I know the white roof is bothering you, but your in luck because black, gray and white color schemes are all the rage for interior design:) All the big design bloggers and interior designers are choosing white walls, white furniture and so on.So honestly I wouldn't over think it too much.

@Bill Wallace Thanks for the reply.Do you think putting in an offer subject to an interior inspection would be a good idea to get the ball rolling?

The upfront agreement - the second step in negotiating with home sellersWell the upfront agreement was designed to avoid some things.What would you want to avoid in a sales presentation?

Here are the numbers:Asking Price $495,000(they had it listed at 399 about a year and a half ago)Year Built: 1995(10) 2/1 units, 1100 sq ft townhouse style with laundry in attached shed, very poor design on laundry in unheated space)$6175 Gross monthly rent (9 units@625, 1 @ 550)$74100 Gross Annual$6272 Taxes$1900 Insurance$7410 Property Manager (figuring 10%)$950 Garbage$4968 Water/Sewer$7410 Maintenance and repairs (figuring 10%)$1200 Snow/Lawn$7410 Vacancy (figuring 10%)$37520 Total Annual Expenses$36,580 Net Operating IncomeThinking we could get it around $425,000 so 8.6% cap rateI know I need to factor in the loan/closing costs, I'm in the initial phases of finding out what that would be.

After some much needed updating... the last owner used the same designer that did the Brady Bunch set!

Back when my parents bought thier first house (because it was impossible to rent with kids, all rental ads said: no pets no children), there were small starter houses on good size lots that were designed so that they could be added onto easily.