Essentially my bottom line will likely be effected nearly 30-40% because of discounts I will have to give for longer stays.I guess my questions are the following:1.

You realize the facts are you bought  at the absolute bottom of the market, right?

. 🏠👍 100% agreed.I've witnessed way to many investors over the years getting caught with their pants down when using too much leverage.The real estate "guru" world is incentivized by selling more properties (Realtors earn commissions on every property sold) and "no money or low money" strategies (Easy way to flog books and seminars), etc...So leverage to the tilt they would say...The best deals are bought quickly and with cash.All good things take time and so does building a strong and sustainable real estate portfolio.Start slow and small and build the foundation of your portfolio with cash.This will minimize losses when vacancies occur and one hopefully won't have to put their hand too deep in their own pocket to cover expenses as they occur (Especially large expenses like mortgage costs).Once a solid foundation has been built and experience gained over a period of time of what the true income vs expenses will be, then look at using leverage.Also, all deals should be analyzed from a "devils advocate" standpoint and don't get too excited about it's initial prospects.If you think it won't happen to, I'm here to tell you that it will.This is coming from someone that has done hundreds of deals and has seen it all.Always protect the bottom line first and foremost.Much success

I'm renting the top and got a roommate on the bottom.  

I just voted up Joshua's post because the bottom line is that "I'll take the collective any day over the advice of one individual" rings loud for me.

Bottom line.

The former just don't put enough pressure behind the stream; you may as well be showering under a bucket with a few pin holes pricked in the bottom--these ones take too long to rinse you off, so people will take longer showers out of necessity.

California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.

.- Both boilers installed new 2017- Both electric panels upgraded 2015  - Shared Backyard access for bottom 2 units- No Parking, No Central Air- House built before 1900- Roof about 20Yrs old- Assume Fed cuts rate at least .25 point later this year Any thoughts would be appreciated.

It's just going to take a little correcting; I doubt any worse than the true bottom of Q4 2022.