.), so sorry if I leave anything important out below.I've been thinking about small MFH for the past few weeks, and came across this near me - https://www.realtor.com/realestateandhomes-detail/...Its a 4 unit MFH. units are 3/1, 2/1 and 2 x 1/1, being sold for 1.5M$I've guestimated the rents at 2700 2100 and 2 x 1800 by looking at similar neighbouring assets on hotpads.Place seems to be freshly renovated, but no AC (which i think would be the biggest value add).My problem is that however I try running the numbers it wont cash flow.

Both have been huge assets to me as I begin this journey.

The property I close on this month will continue to cash flow with the fees charged by the property management company.2) Should I obtain a LLC or just have an umbrella policy to cover my assets if something were to happen on my rental property?

@Ali Boone Cheers - not sure of my budget just yet; I'm used to having done traditional lending through banks and don't have much experience cash-out refinancing yet, but currently reading up on all that stuff and exploring options.I'm actually from Charlotte originally so I would feel a little more comfortable investing in the city....I think for OOS I would prefer something more turnkey at first unless I was very confident that I had good contacts (contractor) "on the ground."

. - Value Add: ConvenienceThe service would be as follows:An investor provides me with their preferences for acquisition cost, cash flow, property specs, location, etc.

If you are not ready to buy a personal home, which is a liability not a asset, then you do not buy.

I also realize, or have been told, that everything is negotiable so while I would prefer to work for #1 as the owner/managing broker is like family, they are a national company with better lead-generating systems, education, etc., the required monthly fees starting out are intimidating.

Like participation in asset management fees etc. 

I started in Milwaukee after my company has reloacted me here from Austria and I was looking for an alternative to Wallstreet and 401k - so it was not my choice and at the time (fresh of the boat) I would have preferred a more exciting city like NY or LA.

I'd want to check your math (because ROI of 14% seems high on student loan payoff), but I'd take 14% guaranteed ROI all day long.I think we'll see other opinions, though, as there is a 'personal preference' element to the question of reducing debt VS investing.Best of Luck with Your Real Estate Investing!