Now, in 2024, we're seeing $4,000 per month just on the main unit and $1,800 on the other unit of the duplex.Long story short, it's a long term play.

It is a Duplex which is currently occupied (both units).

A great way to get started if you currently have a W2 job is to buy a house hack like a duplex or a fourplex where you can move into one of the units and continue to rent/manage the other units.

How many units are you looking to obtain? 

We have a pretty good Tenant who is moving from one apartment unit to another.

@Michael HoustonSo cap rates are for commercial properties so they have no use in 1-4 unit values.

The most concerning is that they allowed unsupervised showings on a vacant unit- something we were not aware of until serious theft had occurred.

One quick point, you can create sub-virtual accounts for each unit / room by property which I imagine would be helpful if you're renting by the room for your third property.  

I’m no longer house hacking, and all three units are rented out, generating a total of $8,200/month in rental income.

(The people running 500+ units or $100m syndications when the average BP listener (I assume) has 1-10 units and is worth $1-5M.).