The next step will be extracting a comparable cap rate and take into consideration all the different factors which may effect your market derived cap rate, does the comp have a credit tenant?

Once you have a deal that meets your criteria, pull the trigger and submit an offer.

Maybe not relevant advice based on your ideals but all I’m saying if feeling stuck and if buying a house is an option and your on a career path where you could do it again and again in your 20’s, then I would STRONGLY recommend it to you simply pull a trigger.

Thanks for the time and consideration

I would take into consideration your effective tax rates.  

If it is separately metered it would never be a consideration to do otherwise. 

We currently have a potential deal, but looking for lenders that loan to LLC before pulling the trigger and unable to pull out our capital invested.

There are often numerous considerations - both from a legal and tax perspective - that should be considered prior to creating your entity. 

Hi @Alejandro B.My 4th unit is basically new construction -- it's a converted garage that became attached to the main structure during construction.I had to add fire alarms and sprinklers to the new construction 4th unit, but did not have to fully sprinkler the existing units because I did not touch them.A big renovation to convert an existing 3-family to a 4-family very well might trigger the need for a full building sprinkler system.

Hey all investors,I'm curious to know what metric most of you are looking at when determining whether to pull the trigger on an investment.