If the Multi-Fam does not have individual utility-meters for all units, then you have to figure out what to do or it can potentially eat away at your cash flow.  99% of Single Family homes do not have this problem.These are just a few pros and cons. 

We have discussed selling the individual cabins and managing the rentals.

Or individuals who are in that space.

I'm excited to be here and connect with like-minded individuals passionate about real estate.

I've signed up for meetups and I'm actively building my network with like-minded individuals. 

I believe that a community of people grow faster than individual efforts.

Plus an advisor must act as a fiduciary to you, and aid in the discovery and due diligence to help put the right options in front of you. 

If your renting by room, each tenant would need there own individual lease agreement.

     @Bob Gruenig, what @Chris Tracy may be trying to point out is that if you are creating a LLC and bringing in other passive investors into that LLC, your LLC may be subject to securities law.The easier option would be to let each individual come into the syndication's LLC directly. 

Keep in mind that some expenses are out of an individual's control.