That is often a matter of opinion and will depend on the attitude of your municipality.Most municipalities do not require neighborhood approval, but will offer the public opportunities to provide input which will be considered.

For this reason, I teach people to set policies for renting to unrelated individuals.

I used a property manager (before I was one) for (1) time & headache savings and (2) the value the property managers provide by economies of scale (marketing, discounts with vendors, etc.).

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Many of the estate properties are located on lakes or rivers providing unique recreational activities.

I'd be surprised if the complex doesn't have individually metered units so you may be able to eliminate the utility expenses unless those are for common areas like walk ways, parking lot or laundry.

What is the recourse for the tenant who signed the lease under each individuals name?

I’m looking for a local mentor that I can learn from and provide value to so any suggestions on how to find one and pitch myself would be great as well!

I sank every dollar my rentals provided back in to paying off debt and acquiring more properties.

Lastly, Rochester, the most affordable of the four, provides great opportunities for investors looking for higher cap rates (8-10%) in multifamily properties.