I have been dealing with T2's drama recently, but am in the process of properly serving the 3 day notice to start the eviction process.  

Don't mean to be harsh, but this has been addressed and nothing at all personal here, it's a good question and glad you asked it before you did anything.

It isn't worth the extra hassle of trying to manage not only 3 tenants vs 1, but also some of the drama that is bound to come up among tenants in  the common areas. 

Account ClosedWhile I understand where your coming from with your comment on saving, the harsh reality is that saving the pennies will not do much here in certain markets we lie in. 

If you do that though I would expect your potential renter to fall into some drama that day and find a less than desirable apartment in front of them.

Owning rentals in L.A and dealing with that drama doesn't seem to attractive especially at current cap rates .

Tenant pays on time with no drama. 

I’m not looking for more drama.

Other times you will get family members who are misinformed on the value of the house (eg they live in an expensive market themselves, see the deceased's 4/2 1500 sq ft house in middle-of-nowhere Nebraska and think it should be worth what it would fetch in their own market) which then creates drama and unreasonable expectations.I would just be very confident in your ARV and rehab estimates.

Lesson well learned (and luckily learned without harsh consequences.