To determine if it's worth doing a 4-Plex in addition to the cost you listed, I would recommend looking at; is the lot already graded, and ready for construction, are sewer, water, and gas already at the lot for connection, what type of rents are on your proforma, the biggest one many people forget about are the developer fees charged by the municipality to allow you to build the project, etc.There are a few soft cost items that will be a part of the project that do not get lower just because you're doing a smaller project.

What resources would you recommend for determining if a neighborhood/market is a desirable location for renters?

To determine the assessed value, multiply the taxable value of the home ($200,000) by the assessment ratio (35%): $200,000 X .35 = $70,000 assessed value.To calculate the tax, multiply the assessed value ($70,000) by the tax rate (.035): $70,000 x .035 = $2,450.00 tax for the fiscal year.If the home has already qualified for a 3% or 8% tax abatement, taxes will be figured on the assessed value from the base year it qualifed.

(I assume USA) That will determine if title or attorney state.Generally, the attorney for closing only charges $750 but doesn't review anything, he's just an escrow agent.

@Vemmanath Vasudevan  talk to your lender to determine what LTV they will offer on a refi and, for multifamily, what cap rate they are using in their lending criteria.

Then you should look at the markets you're interested in to determine which ones will help you accomplish your why and goals.

The first one I did with the mentality that if I lose money that it would be an expensive learning experience.

@Jerry Jones Those are great column or row headers but I need the raw data so I can start analyzing and see if there are patterns.Both of you what are the most important metrics you are using to determine if you will further looking to a note or pass for a different one?

From that, you can determine how much money you need to pay them now and how much you can pay them later.

Sounds like you want the time and mental space back that this property occupies in your life.