If it is below market rent - there may be an opportunity to increase it when you acquire the property.(2) . who can provide a loan for such 4-6 unit multi-family homes?

So I will have cash reserves set for the property.Current RentsUnit 1*: 615 Unit 2: 775 Unit 3: 775 Unit 4: 600 (Will occupy this one)= $2165 monthly rent* I plan on upping this to 775 once in my possession, and eventually increasing all of them to 850 once it's turnover time.

The six and eight are 2br/1ba and the 16 units are 1br/1ba.They are all about 5.5 caps and have potential to force appreciation and increase rents, roughly the same amount proportionately.

Is there a way to increase your income where you currently work? 

I would like to pick up something I can add value to by either increasing the property and/or driving rents up.

It was suggested that I install luan to increase the height of the floor and try to match it to the hardwood, but that is a lot more work and I am not sure this is even a good idea.What would you suggest I do to these floors? 

Here are the reasons:1) Buy selling it now and then buying another property at $1.5M would increase your property taxes as property taxes would go with purchase price of $1.5M whereas you most probably will be paying way less taxes on your current residence.2) you would be starting a new mortgage cycle and adding another 30 years of interest.

You can't get great financing on it and are stuck with the tenant for a year even if someone better comes along.Single tenant length of lease term HEAVILY affects value and cap rate exit on sale among rental increase and other items.

A 10% increase in value probably isn’t worthwhile to refinance (unless you’ve paid down some of the mortgage too).

This means around the 1st of the year there is a temporary boom of unqualified renters entering the market and to make matters worse the temperature normally drops tremendously which increases the danger of frozen pipes or high utility bills (choose one or the other) insurance agents tend to frown upon vacancies...