So, if you choose, you could bend your lease to accommodate 2 more kids without having to worry about occupancy issues.

So he may consider this most of the basic functions of PM without actually being a PM (and thus not subject to regulation). 

Yes, you read that right, the American system was designed to best facilitate FAILURE not success. because when there is freedom to FAIL, it comes from consumers ability to choose, choose who is worth it, who isnt, and the poor performers fail and the good performers are rewarded. 

I’m supposing that the function where you can report rule violation anonymously doesn’t work???

There you will be vetted as a landlord, you can set up each bedroom as a “unit,” you can personalize prequalification questionnaires, and you can choose 2 different levels of background check.

Besides what you've mentioned, here are a few additional common expenses to consider:Landscaping (especially if there’s grass or common outdoor areas)Pest control (sometimes needed for multi-family properties)Legal/accounting fees (for lease updates, tax filing, etc.)Vacancy reserves (for covering costs during turnover)I can assist in helping you find funding, LMK! 

Snow Removal: As needed in winter, usually the tenant’s job in single-family homes, owner in multi-family.8.

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

Hey Vanessa, I manage SFH, Small Multi, and a few MTR's, but only for my own properties.

Quote from @Matthew Posteraro: Me and my wife are planning on starting our investment journey by buying a multi-family home that we would live in as our primary residence.