As I continue learning about REI, what I'm thinking more and more is that what is maybe the single biggest factor in profitable investing is given surprisingy little attention.

Number of units is the biggest misconception in this industry.

Ray, I sent you a private message.

What I do know: Privately ownedLast sold at over $600,000 in 2015Last assessment: 2016 at $128,752.1287Classification 2-09Tons of violations for poor upkeep Rat investationPoor lawn maitenanceTons of trash(doesn't seem like an issue at this time... no rats seen on the way to work)What I would like to know: Would this be worth tearing down?

There are more resources on this site than you'll ever need but one of the biggest steps is just getting started.

However, I'd argue that there is no more risk in holding than there is in pursuing hard money and ending up not being able to refi out.I'm sure there are those that would say sell and pursue private money or hard money, but if monthly cash flow is $300 or more I'd wait it out.

My biggest fear is that I'll buy a 4-plex and then get dragged under by the expenses on a house of that size.

Yes, it is possible, but usually done with 2nds, either from a private lender or owner carry. 

We are listing that house in two weeks at 130k, meaning if we pay all realtor fees and closing costs we would walk away with approx. 30k.The biggest adversity we faced is not having a lot of money to get started.

Back not so long ago when Ocean Pointe was a thing.... and they had a website lapse.... the owner of said website was out of Panama.Wonder how many vacant lots it takes for private jet to Panama?