Will you make more money with the 4plex than what you're profiting now?

You would still have your same minimum down payment requirements, so you'd be leaving some money in the deal.

Since currently we are saving money by living with my parents, I would be hoping to use my first purchase as a place we could also live in.

It's extra money again, but more likely to last longer than Formica.

I am a Private Investor or Hard Money Lender.

When we flip we use hard money lenders and often use GAP funders to cover what the the HML doesn’t.  

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..

In some markets and at certain times, it may not make a significant difference compared to the time and money you would put in to do the rehab.* To the same real estate professional, find out their opinion of the area and the current and potential growth and appeal of your property and the neighborhood (market) to potential buyers and renters.

You pays your money, you takes your chances :)

His family says he has money and they have his debit card and want to pay back two months… doesn’t sound legal.