Worst case is a 3-6 month seasoning period.  

Do they take up much time each month?

- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)

These charges apply even after paying a monthly fee of $179.

I would take on a 50% partner at 300,000 and would include the use of my two 4 x 4 SUVsIf we did nothing else besides let the property run as it is running now, with an operator renting the property as a whole to run as a business it will cashflow >500 per month per owner.

We charge a transparent monthly fee for this and our digital property management platform - but we are not a local property manager.We also give owners the ability to use a repair triage service and our vendor network, or address repairs with their own handyman.Our goal is to make renting better for owners and residents.

I know that the tenant currently makes $33,144 gross a year which would be $2,762 a month.

I agree with everything in this post and if it was a month ago I may have agreed with everything in this post (and I gave it an up vote).

At first, he was anxious about having multiple tenants under one roof, but with the right house rules spelled out up front, it turned into a solid monthly cash fow for him.

Added ducks and geese over the last month.