Keeping the rentals in their current condition (compared to other rentals in similar condition) we can raise rent to a gross monthly rent of $4350.

Has anybody dealt with a similar situation and have some answers?

Investing in Multi family will be a pretty similar experience to your other rentals just with a larger focus on return when you're purchasing, I wish you the best of luck.

Hey Troy, I'm an old 3rd group guy (commo support) I have a similar story, read RDPD in Korea in 2005 out of boredom and never really did anything with it.

Similarly, when discussing whether to leave the washer/dryer, she said, "Well, if you leave the ones that are already in the house, that'll reduce dings on the walls from the tenants moving theirs."

Depending your equity sources, you can look to structure the deal as a partnership to get similar results (actually, better) results with lower costs and hassle. 

Now the area is an older part of Dallas, but it's a safe area and the neighborhood is full of similar 4plexes and all seem to be in B class shape from the outside.

When it comes to loans, the terms of the loan are important but many loans will have similar terms. 

Something similar happened in one of the communities where I was managing two homes.

@Pedro Martins, apologies in advance for jumping in on you thread.I have a somewhat similar question for the BP community, I am under contract for my personal LLC to purchase a small piece of property which currently has a SFH on it which needs extensive rehab and it may possibly be best if torn down.