I just bought a lovely 8 unit last April that had been horribly neglected but have turned it around and done some cosmetic renovations and increased rents.

However, because I am unable to make trips to scout locations or look at homes in person.

If you pay $300,000 for a property and it rents for $3,000, that is 1%.

Look for a location with low crime, then look for the neighborhoods with the best schools.

Hello everyone, I am reaching out to the BP Community for suggestions.My Portfolio100% owner of 7 SFH PropertiesGP in about 30 SFH properties(of which I own somewhere between 25% to 50%)All but two properties are managed by a PM CompanyNet worth of the above is about $2,000,000 - $2,500,000My IssuesI have many SFH's - Which take up time(Currently spending time paying property tax and insurance, requesting quotes on insurance policies and overseeing the PM Company(approve rent increases, approve renovation projects, etc).They also take up head-space(having to remember property addresses, remembering when property taxes are due)(I have reminders/systems but something I would like to reduce)Goals1) Spend less time on Real Estate2) Free up head-space2) Make $240,000 annually from real estate(Which I think is not to hard if I can increase my net worth and can get an 8% return)Possible Solutions1) Sell all the SFH's and buy 4-Unit Properties to take advantage of conventional financing2) Sell all the SFH's and buy one large apartment complex3) Sell al the SFH's and invest in syndications4) Sell all the SFH's and purchase stock / bonds5) Continue to hold all the SFH's6) Any other suggestionsOther Considations1) Should I consider private notes?

The main house is original (this place was built in 1924, very cool) and we rent it for $1,650/month.

My attorney said he needed to hire us as investigators in locating people.

Start by analyzing cash flow and market demand for each property to decide which one to rent out.

I also think of property locations and property conditions having different classifications. 

I would recommend that you don't ignore it; repair the drywall, monitor it and see if the drywall cracks in the same locations again.