People only think numbers and don't adequately take into account how much they will spend in PM for a four-plex and/or how overwhelming it is for a new investor who has four groups of tenants calling them all the time.

We haven't quite got enough for accredited investor status, so syndications are (largely) out, though the short-term goal would to establish net worth at $1M (and maximize cash flow, naturally).

I became interested in investing in real estate is fascination from touring properties and imagining how to transform spaces, and build lives within them, how to increase property values through a few well chosen upgrades, tapping into the dream of having to earn a living doing what I naturally love to help others make smart real estate decisions.

But because price to earnings was so steep (even Pre-COVID), real estate actually came to have a natural edge over the more liquid securities markets.

I know it'd never the best to raise rates on existing long-term tenants but it doesnt sound like this property cash flows adequately without it.

The city is great, but what I always come back to is the nature and the weather.

It is imply the nature of some properties.  

The downside is SE tax.If it is merely an investment in nature, and does not rise to the level of a trade or business, it is ordinary, portfolio income. 

., to related parties, for less than adequate consideration, etc.) are subject to greater scrutiny.

The heat is natural gas with cast iron radiators throughout the house.