Pro tip--make sure your exhaust fan in the bathroom is vented to the atmosphere--meaning out to the outside.....go out the roof or out the side of the unit or secured to an opening in a soffit vent grille off the house. 

PRO TIP: Some counties will work with you as the new "owner" on code violations.

I want to learn how to do this the right way, without coming across as overly focused on profits.If you have any tips or experiences to share, I’d be incredibly grateful.

Unless you have all the other roomies willing to back you up in a courtroom.Regulations regarding eviction rules in regards to month-month or on fixed lease, you have to investigate for your state.If you have the grounds to evict from official lease violations I'd have a sit down with the guy.

That will allow the CFPB to investigate your loan and then others through a QC or audit if they feel its a recurring complaint.If you find yourself in need of advice or want to talk about anything related to multifamily rentals purchase or refinance please feel free to reach out. 

Examples could include:Partnering with other investors to share risk.Using seller financing or lease options.Leveraging creative rehab techniques to save on costs.Negotiating with contractors in a unique way to reduce expenses.I’d love to hear any stories, tips, or approaches that helped you pull off a deal others might have instantly passed on.

@Doug Smith: What you are describing is an illegal scheme called "equity skimming" which is investigated by the Financial Crimes unit of the FBI with very serious punishments.

Podcasts are always sharing the latest tips, tricks & strategies for our niche.

@Jay Hinrichsso I get a call from someone today “what do I do” my money is tied up because the sec is investigating this company (one referenced above not ahp) hmm I would have never guessed someone would look into an offering which was giving 40%+ return….

Does anyone have any other tips?