Alternatively, you could split it between House 2 and 3 in a way that covers your building budget for the apartment.

Possible add insurance on your appliances with them paying by adjusting the rent or if they are OK with it so if something else breaks,your covered. 

After they asses what all needs replacing or what they feel needs replacing they'll submit to you what they're willing to cover and deductibles and payments etc. 

Invest in some awesome parking facilities, like garages or covered spots.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

@Matt WeddonLegally, you’re covered as long as you stick to objective, non-discriminatory reasons for rejecting someone (things like personality or ‘vibes’ don’t cut it in Fair Housing law).

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

We don't cover that area, but know that due to lower population density, finding a great PMC is difficult. 

we have several properties now in McHenry County now, and we are looking desperately for an attorney that covers that area.

The issue is, I'm not sure if my income will be enough to cover 2x the monthly mortgage payment that most loans require.