I've never seen one in action though.Just a thought for you as it might be a cheap compromise for you or your tenant.Hopefully they'll find less to take issue with as they get used to their surroundings.Good luck and best wishes

So it's the compromise, but that shouldn't matter if you're getting great cash flow from your cash out projects b/c your rate of return on those deals should be way higher.  ...But as posted, there are too many factors that need to be considered - someone would need to look at your overall situation and then recommend accordingly. 

I sold my wife on househacking by making a spreadsheet showing her how quickly our equity in the property rose relatively to how slowly our out-of-pocket moved.That said, you don't want to compromise your life too much in the pursuit of financial freedom.

I'd explain it would be irrational from a business perspective to pay over what the competition offers, & they'll come up with compromises if they value your business. 

You just have to stick with it and not compromise.

It's one thing to compromise by being a few blocks further from your favorite coffee shop, it's another to not feel safe in your home.I would use a list service or the public property records to target 3- and 4-unit properties in neighborhoods you like.

The biggest challenges are the importance (I cannot emphasize this enough) of the team that you are working with and short-term financial challenges (you'll end up paying more interest for a few months) as well as maybe some sweat equity or personal time that might be needed (choosing fixtures, finishings, etc although that can also be delegated to a reasonably priced interior designer).What is important is for you to have a good assessment of your priorities first and also how much are you willing to be compromising in the short run for a much higher long-term return.

Vet your contractors well, take the time now to understand the fundamentals of building science, and be clear about what you want done, why, and what you're willing to compromise.

Had to make some compromises on things like 2 car garage (only got 1) and a backyard (got front courtyard and open back area), but we are looking at it from an investment standpoint and plan on using it to jump to something better next. 

Here are just a few:Never compromise your rental approval standards - These do not sound like ideal tenant/buyers (T/B's).