You said you are looking to move into the monthly unit, so I would just give them their notice and proceed.

In both of my houses having 1 bathroom shared between 4 people has not been an issue, but I also have maid service and a large house which helps a lot.Other things you have to think about are parking issues, storage space for each person, and utilities which you will usually end up paying for now and that decreases your profit.They are also not "set it and forget it" type properties.  

You have a 20 day notice and then a 21 day notice and set the foreclosure for the 1st Tuesday of the month. 

As a result I can suffer severe rent decreases, and still not have to “feed the alligator”.4- I keep a heavy amount of money invested in Vanguard Money Market Fund.  

I also track the public notices in the local press.

The below average tenant (late more than once, a little hard on the unit, or too much tenant drama) pay above market rent in hopes they give notice and move out.  

.% Paid in Cash: Cash transactions made up 22.8% of sales, a slight decrease from last year's 26.1%.

Whenever I threatened eviction or gave them eviction notice paperwork, they always left.

This 3.8% decrease is a gentle reminder of the market’s natural ups and downs.% Paid in Cash: Cash transactions made up 24.6% of sales, down from last year’s 26.6%.

Also, good to know on the premium increases, I noticed that some of my current premiums have jumped a bit.