However, you don't mention if this was added to their rental agreements or how this was documented. 3.

We're trying to get rid of the added stress of monthly repairs and simplify things.

A buddy of mine in Phoenix added a fenced yard and bunk beds to his listings.. nothing fancy, just a few tweaks.. and he went from crickets to getting three calls in two weeks.Preferred Landlord Program: This program gets you priority placement, and while ALE charges a fee, it's worth it for visibility.

Then I added the payments for the second and third mortgages under the additional expenses so that I could accurately calculate my cash flow.

Adding in county and state tax, record fees, legal fees, etc., I estimate that this will cost over $10k.

You’ve got a good list of cities already, but I’d definitely recommend adding Memphis, TN to your list for a few key reasons.First, Memphis is known for its affordable real estate.

Originally posted by @Stefan Tsvetkov:@Mia Shlomit Does the intended condo conversion aim to eliminate rent control for the building or another purpose?

If you have something like a finished basement or garage I could see adding one there but no need to take up space and make it look junky with one in each room.  

For added security, consider umbrella insurance alongside the LLC. 

Another friend who invests heavily in Phoenix shared a story about her first deal there..she jumped too quickly into a duplex without adding a little cushion for those first-year capital improvements.