If you have a lot of young professionals, the 12 unit might be the way to go.

agreed it does not matter for the fully engaged RE professional income varies from year to year.. this is why we hire CPA. it is what it is.. now we can take steps through the year.. like buying things that we can get accelerated depreciation on etc etc..

Properly and professionally managed property in Texas has meters for every unit.Again, I'll point out meters are well under $100 each.

A couple replies: The property would be managed by a local professional property manager who is paid out of quarterly maintenance fees charged to the owners.

Readers should seek professional advice.

Once you have your shortlist, I recommend hiring a professional title company to handle the detailed due diligence.What’s in the Guide?

this property is zoned for office / medical facility, multi use but has a residential house on it.would love advice from the community on how to1. analyze potential2. source funding3. evaluate market value of property for purchase4. building the development team

Network: Connect with other investors, real estate agents, and professionals in your area.

Get rid of this tenant and stop the bleeding.P.S. the money you are losing each year is more than you would pay for a professional property manager.

I had a friend who house-hacked a duplex and found that while being next-door helped him quickly resolve issues, it was tricky keeping the relationship professional.