At the end of the day you need to remain market competitive to attract quality tenants.

Not real attractive to us lenders.....1.

Hello, We are evaluating one potential investment property which is in a good  neighborhood and the house and the price are attractive. 

The new construction competition in my market is incredibly fierce and I always see these new developments trying to add as many amenities as they can to attract students.

i do belive that i can get a quality tenant due to the location, and that i will make it an attractive property. 

I feel like larger parks (50 lots +) are large enough to have on-site management, so I'd only be attractive to smaller parks. 

I'm sure in the 50s and 60s, it was a much nicer looking location and attracted travelers with their RVs. 

And if it's the property that attracts all of the biggest idiots, great, let them play, and find another property. 

So back to your original question, here are the pros/cons of building a fourplex:Pros -If you keep your total costs below 75% of the after completion value you can recoup your initial capitalNew buildings attract great tenants who are willing to pay more in rent Obviously everything is new, so less maintenance is requiredHigh value due to the rarity and it being newPotential to condo off the units later for individual resaleCons -Building can take a long, long time.

The building attracts some very rough tenants so much that many of my co-workers divert to walk on the other side of the street because many times there is a crowd outside the door of the building.