Specifically multi family is valued off the income it produces, where 1-4 units are valued based off of comparable sales in the area. 

Option 1 seems good because the loan pay down alone is 15 years faster, but ob,y produces $200/mo cash flow.

I have a portfolio of about 20 individual rental income producing properties (some SFH, townhomes, and a couple condos)..... 

To me, that means these repairs are coming out of your pocket.Of course you could follow your state guidelines and keep some of the deposit for repairs, but if they are smart they will take you to court and produce the document that you signed.

Maybe you can choose a city or a few that you think would produce good cash flow and start there?

You'll probably produce enough cash flow to live for free (or cheaply) and learn the landlording business.

Moral of the story, that workbook doesn't work correctly nor does it produce the correct numbers.  

Licensed agents to assist investors, income producing properties for investors, and ability to fund our deals or your own.

@Natalya Whitaker,Well, first guess time is you're going to have a lot of folks Googling "scrum" and then trying to figure what a software development methodology or a Rugby term has to do with REI.Nice "Corporate America" thinking, though, and I can see the advantage of dividing crews up into teams each with a dedicated goal.Focused project management by your GC would produce good results, I'm sure.My $0.02...David J.

We currently have a 8 unit apartment complex under contract for $307,500 that produce 5k in gross rent.