The ongoing operations will be my husbands baby (he's a mechanic by trade and has experience with car washes), but I'm very much on board due to the cash flow and long term investment aspects. 

I very much appreciate the time you took to respond.I plan on going to look at the property soon.All 4 units are currently being rented out. 3 @650.00 per month and one @$450.00 per month.

@Ryan EvansAre you planning on going through Brooklyn, Parma, and Kamm's Korner?  

Has anyone ever purchased a property where the current landlord starts an eviction process when under contract to purchase? I am 7 days out from closing and the current seller has not completed the eviction they start...

We can also understand a div stock will not need a roof or have any ongoing turnover costs, vacancies, evictions, vandalism, code violations, insurance claims, sewer lines, landscaping blah, blah blah.Fortunately we can compare 5 years div stocks to 5 years random sfr returns and your friends blog conclusions are not debatable.

Make sure tenant reports ongoing store sales,overall company sales for all units, and personal updated financials.Do not allow early termination clause and make sure triple net and not double net.

Add to that the building was built in 1900 (it survived the 1906 earthquake) and it was becoming a significant constant money pit because on-going maintenance required. 

I'm plannng on going ... there's a lot to be learned there. 

@David F.net rental income = (75% * rent roll) - PITI.25% is to cover expenses. per Fannie Mae: "The remaining 25% of the gross rent will be absorbed by vacancy losses and ongoing maintenance expenses."

Did a market search on going rents and found I am under market by 300.