That said you can greatly alleviate that with good screening, and the higher price point that these types of units can demand should help filter out the deadbeats.

How many units are you looking to obtain? 

It is a Duplex which is currently occupied (both units).

My mom lives in a nice house that she has paid off. However to save money when she had the house built, she left the basement unfinished--it is just studs, insulation, and windows/doors, plus plumbing in the foundatio...

So if you're not raising rents to at least $2700-$2800 if the value of the units are truly at $3000, then why get a tiny house. 

Assuming you currently rent right now, and you are buying the single SFR as a primary, the 3-unit should just be designated as investment and you should be able to use the rents to offset the payment (up to basically 'zero-ing' it out, on paper). 

And following this convoluted rabbit hole calculate what kind of property you would need to exceed the profit level you have right now. 

I’ve recently undertaken to paint 3 units, two 2 bedrooms and one 1 bedroom.

That said, you deserve a management team that treats your properties with the same level of care and attention as they would for larger clientsI’ve heard from other investors that finding a great PM company can be a game-changer.

@Michael HoustonSo cap rates are for commercial properties so they have no use in 1-4 unit values.