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Updated over 1 year ago,
Multifamily building for long or mid-term rental while self managing?
Hello wonderful community! We are closing on a multi family building near a popular local market/university/hospitals in DC and I am leaning towards mid term rental since we have plans for it in a couple of years (potentially sooner) so I am thinking this way we can avoid the headach of getting renters out--DC is tenant friendly. I do plan to self manage since I am experienced in self managing our STR. Please provide any thoughts, feedback especially if you have experience doing MTR in DC, tips and suggestions for self managing it etc. We just received the inspection report which shows that there are massive renovations needed for the occupied unit for us to pass inspection to get a licence, which means we need that section 8 tenant to leave for the work to begin. So experience/tips/suggestions dealing with section 8 tenants are weclome as well!