Anyway, great observation!

So to the casual observer you are saying 'that means I can only have one house'.

My observations were:1. 

Developing an overview of the market may help answer many of these questions and dedicating time to observing the property is always beneficial.The Importance of Good Property ManagementHaving a reliable, reputable, and professional property management team is probably more critical with multifamily investments than with any other asset class.

@Zimean Vickers first observation is that your rents are very low compared to value.

It was HL Mencken who observed that in our society, high-status occupations tends to end in -or and low-status occupations end in -er, as in, doctor, professor, actor versus plumber, driver, cleaner.

To be clear, this didn't just come from distant observation but from investors that I previously and currently work with.

I observed that when money temporarily dried up at the beginning of the epidemic, and it was unclear where real estate was going, those lenders who also flipped or developed were not inclined to help their borrowers out with loan mods or forbearances.

I'm not claiming to know it all, I've only learned through hands on experience observing my rehabs being worked on, but I'm not a contractor myself.

Although I am not happy about paying at least $250 (if it's easy and he doesn't show up to court) and as much as $750 -- plus several court, filing, and sheriff fees -- this is one where the education I get through observation is worth it to me.