Your attitude toward tenant selection could land you in trouble.

Which is possible if they are income producing.

The listing indicates the seller is willing to provide financing.The units are all occupied and current rents are well below market value, but I'd probably need to do some minor renovations to bring the rents up to market.I can finance the property on my own without any trouble, but if I buy it I'd want to renovate the units to bring the rents up.

I've done a lot of research on it yet no one could define it as simple as that.If I could trouble you just a moment.

Or are they really not worth the trouble after the added expense of utilities?

That will keep you out of trouble with the lender.As for the job, sales usually means you have some flexibility but you want to be careful not to get too wrapped up in the rehab and jeapordize that job.

Don't image for one minute that you going there today is going to produce any kind of results. 

Will you have some trouble qualifying with a traditional lender?

@David James another thought is take your 5k and do so marketing to produce some quality leads that would be and a home run.

The SFH is in my neighborhood where I live so I know that area very well, so I feel safer investing in something near my residence but at the same time that 4 unit will produce more income so I'm torn about what to do.....