You’re going to spend hundreds replacing the fridge and then spend hundreds per year on bottled/filtered water instead of paying a plumber a couple hundred once?

Was last year abnormal or you think the normMy guess is you will spend a lot more than $200k on an attorney with benefits etc. but if it cuts down in expenses it definitely is something I would consider and even if it costs a little more, having control with having someone in house does reduce unknown costs and risks. 

Spend some time considering how the repairs will get you a return on investment.

No reason to spend $1000-$1200 on a typical 1031 QIMathew 

If it wasn't housing, food, or transportation, I didn't spend money on it. 

There's a specific forum for House Hacking.You'll want to spend some time reading through there as it's a common topic.

But there a billion people out there that would disagree with me.4.  

My primary business is owning a wealth management company, and is where I enjoy spending my time.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

To continue with the 8-unit example, you again end up spending many multiples of these costs to build a comparable portfolio of single family properties.Another disadvantage of single family properties is that there is only one tenant per building and if they stop paying or if there is a vacancy, the entire cost of that property is on you and your wallet until you can fill that vacancy and get the rent coming in again.