When it comes to real estate valuation, COMPS, PPU (price per unit), capitalization rate are some of the more common valuation metrics I see used in real estate as opposed to NPV.When it comes to performance metrics in real estate (of which IRR is one), I agree there are numerous and it can be confusing as to when to use which.

Realtors are the highest turnover as a profession in the United States. 80 percent will quit within 8 months..

For the multifamilies, how big (# of units, etc) are the two you've got so far?

Bank won't give me the amount to build both units off the bat, and I'm searching for an alternative way to finance the ADU until I can get renters in there and refinance the bond.Any suggestions would help!

Investment Info:Small multi-family (2-4 units) buy & hold investment in Conroe.

you are new to this, you still do not have enough knowledge or at least someone to guide you, so I do not see a reason on why you would jump straight away on 16+ unit deals, it might overwhelm you, start with learning and building a portfolio with a few 3plexes, 4plexes and then scale into 10+ unit deals.

It only worth what it appraises for based on comps for 4 units and less.

Our plan thus far is to purchase a duplex or triplex and live in one unit while renting out the other(s).

It will be my primary residence for the next couple of years but will eventually turn into a rental (House hacking if I can buy a multi-family unit). 

TX is one of the fast growing markets in the US so if you have to leave more money in to break even so be it, your generational wealth is growing at a quicker pace.If you are ever interested in units that provide more cash flow, Memphis would be a great place to look.