If you choose an area or decide to work with people who will take up more time due to the low cost of entry, you may end up paying more in the long run. 

@Lucas Helliker I am a multifamily broker who only sells multifamily in the KC metro - typically 5-50 units but go as low as 2 and up to about 72 units.

Hi Jewell,The first thing is to see what is lacking the most in the property since small upgrades will have the biggest impact in the areas of low quality to start.

I have tested it in the past and find that it is way off (usually on the low side) for me.  

This reduction in access is what the compensation was to be for and tenant complaints will be many and with creative language. 

The cost stated is so low compared to property value.  

But, ultimately, it could work if you don't mind a low ROI.It could make sense if you look at a lifestyle rather than an investment purchase and you're just happy to cover your costs.

After weighting all of that, does it make the most sense to try to keep this tenant in place? 

I also know Arizona is fairly investor 'friendly' and has fairly low property taxes.Interested in purchasing small multifamily properties (2-8 units) depending on the property and numbers of course.

I find with ANY project on a property, PLANS are worth their weight in gold bc they will show the exact inches, ft, etc that the project entails.