Of course, this is not all nor the only questions to ask yourself, I would say to really weigh what you are willing to spend and maintain for STR v.

Depending on the areas, I'm willing to budge on the cap rates that I try to maintain, or the financing I try to obtain.

His rent is way low and I am sure he will try to keep it, but I can only pray that he wants to maintain a low profile.

The plumbing for 4 unit might cost $6,000-$8,000 for per unit cost of $1,500-$2,000.3) One siding/exterior to replace/maintain vs. 4 for SFHs4) Taxes for 4 SFHs combined will be less than taxes for 4 unit (at least in my area)5) One tangible asset to manage vs 4Benefits of investing in 4 SFHs1) Tenants responsible for all utilities2) Tenants responsible for lawn maintenance and snow removal3) Generally, tenants tend to stay longer in a SFH vs an apartment4) More exit options vs 4 unit.

If they're selling you the property, chances are they're in financial straights & have not maintained the property.

That was the big deal when I was running my IT contractor S-corp...For real estate I don't flip or wholesale, but lets take a number like: $100k / yr income that needs optimal tax treatment (sole propritership vs LLC as S-corp).

Other folks like the idea of paying a flat fee in dues to the HOA because they know they don't have to worry about cutting a lawn, maintaining a pool or fitness center, repairing or painting the exterior and so on.I bought my first property at the age of 20, and bought a townhouse specifically because I wanted an HOA.

My day job includes financial oversight of school facilities remodeling so I know enough to not "pull it" but rather "cover it" (may choose a wood laminate) but I have a few questions I am having trouble getting answered;1) In schools we are required to create and maintain an Asbestos plan with includes the identification, containment and abatement processes for all of our buildings.

Hello Folks - I just finished several different real estate books including rich dad, poor dad and Investing in duplexes, triplexes and quads. In general I think they are painting a very rosy picture and paper numbers...

The challenge with re-using other people's spreadsheet is that you have to adopt their mental model of how to layout information, and also how to show what's important.For instance, I like to optimize for data-entry, and I want to know what numbers they gave me vs what I think they should be, so I have sections for "Marketing data" and a separate section for "adjustments" to that data.