I know commercial properties are valued based on the income.

Hi, I will inherit a multi-family property with no current mortgage and 4 Rents as income along with my Sibiling.

But that same person would say don’t pay off the debt, let your tenant do it  while I’d be saying I want a smaller payment, or no payment in case income stops coming in.Guess which Bill sleeps bette:At the height of my leverage I was recently “unemployed” and had $30k/mo in mortgage payments due every month  that’s small potatoes to some people  but how long could I make those payments if they all stopped paying?

Section 8 is not guaranteed income - only the portion provided by the state/city. 

Use your income to fund your business. 

So whatever income is generated from renting it, is just icing on the cake.We like PPB because of its 7-day minimum (not to get mixed up with Point Pleasant Boro that has a 30-day min). 

We also ask for a 2 year lease when feasible as this cuts down on turnover/lost income. 

I imagine the cash flow after a remodel from the consistent rental income would be a great way to build wealth.Hope this helps!

@Gail L boucher, There are some passive purchase opportunities that will work with a 1031 exchange. 

Apparently, generally it turns into a self-management type arrangement.As mentioned, don't forget that you'll have to property license the PM company, and take some sort of profit/income from it.