The #1 reason that landlords fail is due to failure to manage to the lease (Source: American Apartment Owners' Assn). 

Hi All, Wanted to get some suggestions on best Low-Flow Toilets for Apartment buildings in a C+ building. 

I get the frustrations of laundry and especially losing expensive luxury linens that gain 5-star reviews and very happy guests.

We also own an accounting/payroll firm and have a lot of MHPs, residential communities and apartment complexes as clients and have seen this happen a few times. 

Remodeling is a part of who I am. 

$120,000/0.06 equals $2,000,000.So in my mind the target should NOT be cash flow but rather building net worth.Despite what the gurus say, sufficient cash flow to be financially free can only come once one has sufficient capital to invest.Let’s be clear I only buy apartment propeties that cash flow but immediate cash flow to put spendable dollars in my pocket is NOT the primary goal.

So I could hypothetically include a studio apartment above the garage and rent out the main house and be within the law? 

Networking with luxury RE brokerages will probably fast track you as well. 

Know this: the #1 reason why landlords fail - failure to manage to the lease (source:  American Apartment Owners' Assn). 

As a MF agent who spends a large amount of time calling apartment owners (or rather, numbers purporting to be apartment owners), please believe me that reaching out to random run down buildings owners is unlikely to get you any deals.