I self manage, have a cleaner but I also sometimes turn the unit myself.

If you turn any two "bonus rooms" (rec room, office, formal dining room) into two more bedrooms, then you're at $5,950+ per month—a 138% increase in rental income.Now, imagine scaling this across multiple properties while keeping lower upfront costs compared to multifamily properties.

What is the average acquisition cost of the houses?

Account ClosedAdding your property manager as "additional insured" is standard practice and beneficial for you.

Short term rentals do get more money, but also cost more to run and require more time.  

We moved to Mexico to lower our monthly cost.

Covering the mortgage isn’t an issue, but I’m considering factors like: Multi-Family: House hacking would help offset costs right away, but I’d likely need to put money into renovations upfront.Single-Family: Easier move-in with no immediate renovations needed, plus potentially lower tenant turnover once I rent it out For those who have been in a similar situation, what did you choose and why?

Utilities cost $150 per month.

Monitor your spending habits to make sure you’re consistently putting money aside for both the short-term and long-term costs of real estate. 

Over estimate the costs and not need them?