You have to decide what your time is worth to either take those 8 phone calls, or hire a PM - for us we would rather keep the $10,560 you could potentially pay for PM service in a year for the 4-plex and take the 8 phone calls (yes oversimplified - but you get the point!).

That should give you an idea of how much you can potentially charge. 

This means you can double the rental income potential on eligible properties without navigating overly complex rezoning processes.

It is a platform with a large user based which will help drive more potential viewers to your listing.

After buying this house, I partnered with others to invest in a duplex in the Wichita area.At the moment, I’m living in Tennessee, and I’m weighing two options: either selling my house and using the proceeds to buy a duplex in Overland Park or Wichita with my partners, or keeping the house for another 3 years, transferring it to our LLC, and renting out the entire property to maximize its rental potential ( $1400-$1600 ) I currently owe $200k on the property with a 6.5% interest rate, and my monthly payment is between ($1,700-$1800).

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

If you discover one that sounds potentially relevant, and you have not explored it - see if you can still get hold of your accountant to ask.

Be prepared to navigate through potential tenant issues and lease terms. 

The initial thought is you are probably charging too much if no one is interested, or your photos or description are bad.Four beds and only one bath probably reduces demand as well, that’s potentially a lot of people sharing one toilet.And it is winter - I’m in Buffalo, I hate listing rentals this time of year.

I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing options