If the lot was split into three parcels, 2 units + 1 unit + 1 unit, they would be correct.

Also curious how much you plan to rent each unit out for? 

@Shawn Tuma definitely depends on the number of units to a certain degree but PM software is great for a number of reasons, some of which you stated and others you didn't.1.

We've just bought a small 5-unit multi in Allappattah, Miami. 

Unfortunately, I dont think I can barge into their unit without them present.

You can generally only deduct expenses for renovations on rental property, so costs associated with the unit you live in wouldn’t be immediately deductible.

This way we know its a good chance they should qualify before wasting any of our time showing units. 

Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

I'm specifically asking my question surrounding my 3-unit residential building.

If you haven't done so, you may want to get an estimate for a cost segregation study on these units.