1031 property anlysis

[Edward P.]

Hi BP, 

Thank you in advance for your help. 

I have a 1031 investment property (home) now I am buying an fourplex. 1.I wanted to know how to know if you are getting a good deal(if that even correct to ask)?

Built in the 1920s, lot ~6K, 4b/4ba, but it actually has 2 bedrooms each but was not planned/permitted. 2. (would this be an issue)?

Its a 4 unit: 1 duplex and 2 single homes, $4200 income. It is under rent control 3. I am allowed to do a increase of about 10% every year am I allowed to do it at the time of the new ownership and is it smart?

I know this is a multiple point question I want get a better idea on what to ask our broker or owner.