Checks bounce, cash is a pain as it requires tenants to withdraw it after work and some atms won't let you withdraw a certain amount.

Are the properties all adjacent, make sure you can convey out of it or there is something that ties them together that makes it un-financeable down the road. ie 5 units are commercial property and would fall under stricter guidelines for refi.You can self manage if you are not too far from the property, it gets to be a pain but you are "boots to the ground".

They contain some psychological story and are designed to create a discussion that really has nothing to do with real estate investing and more to do with feelings and thought.

But as others have commented, the city does have an “inspection process” that’s a pain in the *** and it’s kinda turned me off in that aspect but I’ll see what happens.

This is an opportunity to help the owners with a significant pain point in their lives.

sure you simply have to make a lot of money.. either choose the tenant pain and the writeoffs that go with it or choose write on s and live with the income and tax burden.you can always buy a plane that will shelter a bunch of income. 

You can't really help at that point.Once an owner's file hits the lender's lawyers' desks, that owner is going to have to either fight foreclosure (which is expensive and a big pain and arguably futile) or try to work with loss mitigation to get a short sale through (or pay off their note!).

It's a pain to get done - but allows you to get a traditional loan.  

It pains me to read the harsh criticisms of my profession, but there is no escaping the truth.

Multifamily falls out of style - Cap Rates inflate.Yes, there are baseline economic relationships, but there is a psychological component.