Providing relocation assistance to tenants, for example, if I want to sell the property or move back in - this can range from one month's rent to thousands of dollars (e.g tenant has a disability, minor children, elderly it will cost you more), depending on the city.

I purchase my 1st multi family in Durham last sept, I was debating between str and long term, I went with str and I am loving it so far. my dec occupancy is Unit one 2b1b: 82%unit 2 studio: 79% So far so good and already thinking of getting another one in 2025 🤤 These are great numbers for this time of year!

Think multi unit residential, commercial properties, or purchasing houses “subject to” existing mortgage.  

If you think the syndications are bad now, just wait for the new wave of syndicators who spent $10k-$20K on a course and then wiggled their way into a CO-GP position, built out a social media presence and purportedly went from 0 to 500 units in a year get hold of LP money.

* How many bedrooms per units?

If the seller isn't responsive, then do like the idea of telling the tenant you tried, and see if they can get some free legal assistance from a tenant resource center.It is a good reminder as closing approaches to ask the seller to keep tenants updated on the pending sale and when ownership is scheduled to change.

It's basically a legal 2-unit that can cashflow $900/month.

Then we keep the accounting straight via Quickbooks with each unit a different Class.

Not one that’s too big because it’s your first multi family, but maybe a 4-8 unit.

This is how I see it:Single-Family Homes:Pros:Larger pool of potential tenants (families).Simpler management (one tenant, one lease).Often easier to finance.May appreciate faster in some markets.Cons:Only one income stream.Vacancy hits harder financially.Duplexes:Pros:Two potential income streams.Live in one unit and rent the other (house hacking!)