House hacks are fairly straightforward regardless if the units are separately metered.

Let’s look at the math.Pre-Covid, the National Apartment Association (NAA) released data showing that the average renewal costs between $5,000-$10,000 per unit.

Here’s what we’re seeing and how it’s impacting rents:Key TrendsRents Are DecliningCharlotte has seen one of the steepest rent declines in the nation—ranked 6th overall.

Rarely do they like such units being operated in such way.

I am conflicted on whether to use the 500K on one big property (ideally multi-unit) or buy several smaller properties.

I sold my company to a national PMC named PURE,  they have a large footprint in California and are always looking for people at most levels. 

However what happens when the tenant vacates and now the unit has to be turned over/takes a few months to find a new tenant and during that same period of time the sewer line goes and you get hit with that $15,000 cap ex expense in addition to the vacancy and turn over costs.

We invest in Lexington and Louisville (100+ unit multifamily buildings).

Question, have you gotten a multifamily unit yet? 

Another would be you are building other units next door/nearby and you can chalk this build up to the "learning curve".I didn't see a CFO on GLH or GLC's website, but I'm sure you have someone doing this type of financial analysis for your developments?