The plan was to house hack the house by setting up the third bedroom as a studio apartment with its own bathroom and walk-in closet.

Know this:  the #1 reason why landlords fail according to the American Apartment Owners' Association is failure to manage to the lease. 

Over the years, with personal investment alongside investments from family and friends, I’ve been able to build a small portfolio of apartment buildings with a focus on cash flow through strong operations.

Let's talk,DanIve actually been looking into buying a condo myself as an investment, I have a few rules, needs to be with both good hoa management & relatively cheap fee (bellow $600 a month) needs to be in area where I’m not competing against other new construction apartments, needs to be an area where even townhomes are so expensive you are not competing, I.e. upper nw, nova, Bethesda etc. needs to be 1990’s or newer in most cases.

The sum total of taxes of each of the 4 units will usually be higher than if it were apartments.

So you hurt her feelings and she moves out.

Just given the information that you provided, I would say buying a house where you can rent out rooms or a separate apartment is a great way to start.

I'm converting one of my apartments to an STR and wanted to know if anyone can point me to an appropriate rental agreement/contract I can use.

I am trying to figure out what to do with this property and would love to hear your thoughts or ideas around this.The rent is below market but the apartments arent updated.Options:-We could keep the property and make the repairs, but would be at a loss for a couple years until rent covers expenses.

Whenever you add another unit, you essentially have a small apartment building.