Assuming the financial return on purchasing a fourplex is roughly equal either way, I want to look beyond the spreadsheet and discuss the practical pros and cons of two options: 1. Buy the fourplex, rent out three units, and live in the fourth. 2. Buy the fourplex, rent out all four units, and rent a comparable place somewhere else for myself at roughly the same monthly cost. What are the advantages and disadvantages of each approach, considering finances, taxes, lifestyle, privacy, flexibility, property management, and long-term investment strategy?

Do you try to structure your leases so they all expire around the same time each year, stagger the expiration dates, or simply not worry about it as long as the property stays rented? I have one lease that will end in late fall next year. I’m wondering if it would make sense to make the next lease a non-standard length so that future renewals line up better with the busy rental season. How do you all handle this?

What’s one thing a beginner should NEVER take the seller’s word for?

Next week’s “Weekly Grind” call will be focused on exploring a market to invest in. If you’re looking for a new market, invest in a market outside of the one you live in, or have some lessons learned from previous experiences, please join us as we explore this topic in depth.

To investors that want to grow slowly how is it coming along ? And To investors that bought their properties back to back will you change anything?