We're improving units, management efficiencies and bringing rents to market value.

I work with a property management company in NJ and we see a lot of success with our clients holding long-term rentals. https://www.tvdhousing.com/Welcome to BP! 

There are a lot of deals he could do, but he wants to hit 80% occupancy from a Risk management standpoint before he takes on his next deal, plus get closer to retirement.

In my opinion, more important metrics are total profit and time spent managing the operation.All marketing works.

There are a few properties in the Midwest that manage to generate cash flow, although the appreciation is minimal—this is about the best scenario you can expect.

How well can you manage multiple roommates?

Most properties are remotely managed by owners/PMs and what was suggested would be an impossible and unrealistic standard to set - much less enforce. 

I will be furnishing one side for now and leasing to a mid term rental until i get a property management company that will work the property or get it leased out to students What was the outcome?

It is an awesome system and does everything for single and multi family management, makes our difficult job so much easier.

@Kyle Cross you claim to know a lot about the industry, but your questions are vague and so is the info you've provided.Not sure how managing 8 units doesn't, "require much management"?