I told him about me and my ideas of renovating the place.

I've been watching/listening to people on Youtube, podcasts, etc where some say SFH is the best way to go, while others like multi-family or larger investments.

Around me, go a mile away, and there aren’t many rentals since the SFHs all have yards that need maintanance and larger, more expensive homes.

That is negative $100 cash flow.To continue to hold, I could refinance to lower mortgage to about $1000, increase rent to $1600, cancel pool service and cash flow about $360.Or terminate lease for a struggling single mom and take the cash to turn into a larger investment. 

So our business has mainly been buy and hold larger multi family buildings but we have come across a 4 unit that we can not pass up but need some experience advice on which route to go. 

@Dan Heuschele I think we are on the same page that even the rough parts of San Diego are mild compared to some of the larger cities, I just don't want people thinking Logan Heights is anything like some of those areas you mentioned.I feel pretty optimistic about the potential in the area, you should check out the San Diego City revitalization plan for Southeast San Diego if you want to see what might be in store for some of these areas. 

I talk about doing renovations and they don’t weigh heavily on what that could mean for a tenant.

I used the extra money I had to complete the renovations and this quick flip turned into a 4 year learning experience. 

They do lending on investment properties that larger lenders don't do.

One out of the 4 units is being renovated and we will choose the tenant.