I’m in New Orleans under contract on a 4 plex that has geothermal Ac and heating and hasn’t found anyone yet who has any experience or knowledge about them.

I got a 4-plex deal about 30 mins outside Des Moines off Craigslist.

all the multi family listings I have been putting offers on ( DUPLEX'S AND TRI PLEX'S)   are literally going on market and getting offers in 5 days!

You have to estimate stuff with conservative numbers and not assume that appreciation or some massive rent increase is going to save your butt.A big example that someone wrote up as a closed deal was he bought a house built in 1890 in NJ for $300,000 and said he is going to let the house appreciate over the year and then sell it to buy a four plex. 

You can buy anything from a house to a four-plex.

If you're serious about getting into multi family, start by house hacking distressed triplex or 4 plex.

Personally, I would always lean towards a 4-plex house hack over renting rooms.

I honestly feel the fees are way to high, and don't understand my advantage to include the utilities in the rent.6 plex - 180KFrom them:Financing: 25% down, 25 year term, 4.0% rate (long term loan after renovation complete)- Closing cost: $2k- Property tax: $1149.40 (From auditor’s website - 2020 payment amounts made)- Insurance: $1980 (Assuming 1.1% of value $180k end value - ours runs right at 1%)- Maintenance: $1800 (7.5% of no-utility rent.

I am in the closing process on my first tri-plex property where there are two empty units currently. 

Purchase price: $167,000 Cash invested: $33,000 4-plex in Kettering Ohio with 1br units.