28 years old looking for Advises on Fourplex

[Shawn Nguyen]

Hi everyone,

My name is Shawn and I live in southern california. I have about 250K for down payment. I am looking into buying a fourplex within 8 months. My plan is to live in one and rent the others. I am planning on buying a fixer up house and planning on putting solar panel on all the units(so I can advertise with free electricity). I am hvac/electrical contractor so the cost for me is very small. I also have relatives that are general/plumbing contractor and are able to help me. I talked with my wife and we both agreed that with inflation, our 250k in saving account is loosing money.

1. What do you guys think of my plan?
2. Do fourplex appreciate value in southern california?
3. How do you find fixer up in good locations in southern california?
4. How hard is it to manage tenant? such as laws, time, ect.

Anyone inputs would greatly be appreciated

Thanks,
Shawn