I'm new to real estate investing, didn't think much about it 6 months ago, however I did buy a 4-plex back in August.

I'm looking for a duplex to a 4-plex.

Good Evening Everyone,I am closing on my first tri-plex early next month, and i am looking for a way to pass the water/sewage cost to the tenants.

We own two rentals now (one in Indianapolis and one in California) and we are under contract for a third (in North Carolina) which is a 4-plex and my wife owns a salon & spa in Indianapolis.

Its for a 4 plex that is in decent condition but definitely needs updates and rehab 

@Austin Averett, firstly, cap rate is determined by the MARKET you're in (and is only relevant to 5+plexes).

Basically buy a duplex triplex or 4-plex and live in one unit and rent out the others.

I currently own and manage a 6-plex on D St. 

I would very much appreciate to hear the opinion of other investors.Property NameABCtype8 plex (8 x 1 BD, 1BA)4 plex (4 x 2BD, 1BA)4 plex (4 x 3BD, 2BA)List price$341,000.00 $313,500.00 $400,000.00 Actually sold for$320,000.00 $300,000.00 $380,000.00 down payment (25% of price)$80,000.00 $75,000.00 $95,000.00 loan (75% of purchase price)$240,000.00 $225,000.00 $285,000.00 investment (down payment + closing costs $3500)$83,500.00 $78,500.00 $98,500.00 taxes$5,604.37 $5,783.25 $8,609.00 Insurance$1,200.00 $800.00 $1,000.00 monthly:Rent$2,870.00 $2,660.00 $3,700.00 Vacancy 5%$144.00 $133.00 $185.00 Repairs 5%$144.00 $133.00 $185.00 Insurance$100.00 $66.67 $83.33 Tax$467.03 $481.94 $717.42 PMIProp management 8%$230.00 $213.00 $296.00 Lawn care$50.00 $50.00 $50.00 Snow removal$50.00 $50.00 $50.00 ElectricityGasGarbage$50.00 WaterSewerCAPEX ($183 or 8% of rent, whatever is higher)$230.00 $213.00 $296.00 Operating expanse$1,465.03 $1,340.60 $1,862.75 Net Operating Income (NOI)$1,404.97 $1,319.40 $1,837.25 Mortgage @ 4.65% 30 year$1,237.53 $1,160.18 $1,469.56 Cash flow$167.44 $159.21 $367.69 COC return2.41%2.43%4.48%CAP RATE5.27%5.28%5.80%

Hi maintenance bills are a dirty PMs method....IMO.I would look at that market and determine what you could sell this 4-plex for.