Brokerages may need to adjust their business models, which could open up opportunities for cost-efficient, flat-fee models or other discount real estate services.

Later on in my investing career when I have less time to deal with the day to day I will hire a PM and have a good understanding if they are running my property in an efficient manner. 

Consider exploring financing options like FHA loans or conventional loans with low down payments, understanding local regulations, and conducting market research to ensure you can cover your costs.

I can tell you, from an efficiency stand point, they are fantastic!

For long-term rentals, though, an LLC is generally more tax-efficient.

speed and efficiency

This test ensured that 75% of the total monthly rent for the building would cover the mortgage, taxes, and insurance on the property.For example, consider a three-family property generating $2,000 per floor, totaling $6,000 in rent.

Here in the Reno, NV area when I work with clients on multifamily properties we get estoppel certificates to ensure that the tenants are actually paying vs what the owner says they are paying. 

It's supposed to ensure there are no surprises after closing.

This in effect makes unpermitted units have protections that extend beyond permitted units, but that was not the intent but likely was required to ensure safe unpermitted units were not shut down.