Note: I have met the tenants and have looked at how they are maintaining the property.

Or I go the 1 MF property, put 25-30% down, get a loan, and I still would have positive cashflow but no nearly as much (at least for many years). 

By the time yup decide to split you may already be in a bad position.

@Tarik Turner you might want to consider finding someone who will do gap funding for an equity position.

I've analyzed deals all over Southern California and most of the time the inflated purchase price gets rid on any possibility of positive cash flow.

Easier to maintain and then you don't have to worry about it.I definitely would not pass on it just because of the asbestos.

My instinct tells me this is probably not great although it does mean there is commerce nearby so hoping that is a positive.

Despite the high prices, therer are still many options for multi-families to throw off a positive cash flow.

I worked day and night going without sleep while maintaining an unhealthy consumption of energy drinks.

In BRRRR, you buy a distressed property or at least one that has potential for substantial improvement, rehab it to build equity, rent it for positive cashflow, and then refinance out what you invested or more to have funds to do the next deal.