From what I can gather here, the 2 quads on one parcel would be treated as an 8-unit and the other quad would be a single property.

(250 hours is quite a bit if you think about it.)The other thing you might look to to answer this question is how you are treating the income on your federal tax returns.

Use any CPA and treat it as normal income. 

In that choice if you choose a fabric just know it will need shampooed once a year and spot treated sometimes. 

Homes of this age may not have had materials like pressure treated lumber to deter some of the pests and they can weaken structural members over time.

@Timothy Burns it is unfortunate that the system treats everything the same. 

They complain about the bedbugs, but won't clean up to treat for them.

Also, in your response to @Rahma Zaghari, do you mean that a landlord needs to mentally detach from the house/property and treat it as a job rather than be emotionally attached to it?

It is a business and should be treated and run as a business.

Since this would be considered your course of business because it is not a one off, you should also look into things like using 3rd party servicers etc. to maintain compliance.If you want to do it right, then yes use underwriters to review the loans and treat it as if you were Wells Fargo originating a loan to yourself.