Else, move to a smaller unit or take in an extra roommate.

You'll need something like 125 units netting $200 per door to get there, that's about 10 million worth of multifamily in today's money, so you'll need about 3 million in down payments.

If the current tenant doesn't want to stay at that rate, the current owner has no problem with me replacing him with a new tenant.8-12% is the property management rate according to Google in my area, but I plan on managing these myself until I have an amount of units that makes sense to have my Realty Team manage it.Owner needs cash, which is why he is starting to sell off his assets.

Renovations are almost complete and will be looking to rent out a unit.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I will be living in the guest house, while renting out the main.Both units are without washer and dryer units, my question is, do I supply them in the main house; or let potential tenants figure that one out?

On some older properties where perhaps you have one water meter for 2-3-4 units or one gas meter for 2-3-4 units, or units that share hot water, something like that the owner might pay. 

I think the before vs after pictures really speak primarily to your experience and ability to execute a project so it can help lenders gain comfort with future projects and allow you demonstrate what level of detail you except out of your contractors.

People mentioned master lease so are they essentially arbitraging the unit?

I feel like I need to stay local (Greater Cincinnati OH)2-4 units.