Simply build in the additional “double payment” into the overall deal costs and start looking now.Best of luck!

I told them their current agreements would be maintained but had them sign new agreements with me that had my additions to their current agreement.

They are multi family properties and one of them even has pre approved plans from the city for an additional 5 units (literally ready to break ground).

I would focus on building my skill sets, paying down debt , building a nest egg - savings, 401K, Roth IRA, etc - and continuing to educate yourself. 

This "deal" is clearly cash flow positive and will be a nice addition to the portfolio.Insurance= 250Vacancy= 415Maintenance= 250Mortgage= 1500Management= 350Taxes= 800Utilities= 100Capital Expenditures= 250

On my end though, I do feel like I can handle the additional responsibility of managing the fourplex.

I've talked to Equity Trust, Quest IRA & Midland IRA and am also looking into TDAmeritrade & Fidelity as options.

This may be a simple question but curious in today’s climate of rising interest rates (mid-2018) , does it make sense for long term buy and hold investors to pay for points to buy down the interest rate or keep the cash on hand instead for additional properties.  

We'll cut to the chase, here's our dirt.The Facts: Ages 51/44, Married, w/10 yr. old childOne steady income 45KOne low income & fluctuating (self employed only 2 years but growing slowly)Living/ renting in NJ (Very expensive market, 2 family units sell over 500K)Fair amount of debt 37K (Car loan, 2 CC, Medical bills)Just getting by each monthCombined 401K's =  150KMy 401 (100K) can be transferred with no penalty to a self directed IRA (I had opened up last year in hopes of using some cash to invest in RE) We are determined to get into REI however we're probably going to need some creative ways to do it with our current situation.

My bid for wiring the two units is about $10K and then there are some additional charges for the external panels, the garage, etc.