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No. of Recommendations: 0
The quad looks like a substantially better deal. Prices in your area look very high to me; I wouldn't touch either of those unless I knew the vacancy rate would be low.

On the quad, you have a gross rent multiplier of 7.16, on the triplex a multiplier of 8.69.

I wouldn't touch the triplex at that price; you do risk a negative cash flow.

The quad looks a bit steep, but not inordinately so if the area is good. Is the building in good repair? What major capital items might you find yourself facing?

Has there been an environmental site survey performed on the property? You might want to look into that.

The out of pocket appears reasonable.

Apartments are very different to run than houses. You might want to bone up on the details. Apartment generally cash flow better than houses, but you have to do more work - especially WRT managing neighbor disputes - and this is HIGHLY dependent on the area and the population. Generally speaking, the wealthier the neighborhood is, the less management you will have to do. Also, curiously, the less maintenance you will have to do since your population is less likely to vandalize or live like animals.

In any event, don't forget to screen your tenants carefully.
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