There are a lot of markets where you can generate a profit. 

Zillow Flex - hot, quick leads.

Speaking as both an investor and realtor based in FtL, these small MF are very difficult to get into at the moment due to excessively high pricing leading to negative cashflow if you plan to finance them. 

Hi @Ellen Feiss I agree with @Ty Coutts that you should start with informal, friendly, face-to-face conversations with the tenants to establish rapport, especially as you have some lead time here before next April.People don't like surprises or having to scramble, so if you are able to let them know your plans in advance, if they are reasonable people they should appreciate the extra lead time.This is especially true if their rents are currently very under market - they will have sticker shock when they look at what other units are renting for, and have to spend more time finding a new unit (if you'll be asking them to leave).If you have to move into one of the units yourself, I'm surprised you (or your lender) didn't make it a condition of the purchase and make the seller have the unit vacant for you.Sooner or later in rental real estate, you will have to establish a relationship with an eviction attorney.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

If I rent out my current primary residence, I could generate over $1K in positive cash flow, so I'm considering moving into the rental property and handling the repairs at a more manageable pace.

The 20% down payment isn’t a concern for me; my primary focus is ensuring the investment generates positive cash flow, which is what my post was aimed it.

As others have pointed out, this well-exceeds the current averages that we're seeing.With that being said, one situation that I've seen lead to this result several time over the past few months is an active rental listing being stuck in a cycle of chasing the market down.

Knowledge, experience, clear goals, financing combined with location leads to success.Good luck.

A little context: the building is structurally sound and they have done major updates such as septic, generator, and sprinkler system, and all mechanicals are recently inspected and tagged.