Back in the day we carried a balance of $100,000+ that was owed to us and that is now down to only $10,000 or so and we only cover out of pocket if it's an emergency.The PM must have sufficient reserves to do the necessary maintenance work and shouldn't be chasing landlords for money.Just my opinion...Also, a PM's number 1 profit center is maintenance up charge.Landlords don't have much insight and PM's nickel and dime to death on those.If you are suspicious, ask for a receipt so they aren't making up non existent maintenance.Let them make their money tho and calculate that into your expense pro-forma.Otherwise, manage yourself and deal with the $#%^@ that comes with it lol.Multifamily in Ohio, you can get for $25,000 - $35,000 a unit.Drop another $5,000 - $10,000 into the turns and rents should be North of $800pm.Decent area's also.Personally, I wouldn't get out of bed unless I'm making the above numbers.Wishing you much success

If you are looking for the tenants to cover the mortgage and property taxes, you are not likely to find anything between Redwood City and SF.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

To cover the seller's equity I have to put down $75k which will be a 33% down payment on this property.

I can only assume that our insurance company would not want to cover damages and such should something happen a house with tenants and a primary residence policy in place. but I haven't really gotten far into the weeds on the particulars of that. if you have gained any insight to that I would greatly appreciate the knowledge.

Need to put a cover crop on or it can go from Ag land to Commercial taxation. 

Is there a need for accounting and limited property and CAM management on commerical properties?  

We're currently working in the business quite a bit right now, but as it grows we'll be hiring to have it fully staffed with passive income to cover our current expense plus more. 

But the 2 bedroom apartment upstairs covers most of our monthly payment and we have everything we need with a 1 bed apartment setup down here.

I could write a whole book about STRs, and it still will not cover everything, because...Take-home 2: tax strategies are always case-by-case, there's no universal recipe, which is why...Take-home 3: use a good tax professional, such as those listed here: https://www.biggerpockets.com/...