Investment Info:Small multi-family (2-4 units) buy & hold investment.

Hi, Just bought a unit via LLC in Nashville area, specifically in Berry Hill to operate as STR.

I was budgeting for 10% per unit (about $50) but unfortunately my current company has a minimum of $75 per unit, giving me a monthly of $300.

I had listed a 10-unit property in Cincinnati, OH, and found a buyer through an agent from a different office.

My daughter went in on it with us- she will own her unit, and we are renting out the other 2 units. 

@Kyle McVay I self-managed my first 5 units and then transferred all new units to a PM.

The only caveat to that is if you have the ability to turn it into separate units I.E. having a 2/1 and 1/1 instead of a 3/2. 

(Currently managing STRs and that’s taking up a lot of our time)* MFH vs SFH: We could consider a small apartment (20-30 units) but we are mindful of vacancy-risk of SFH and high-PM-cost of MFH.

In Jersey City, it doesn't kick-in until 4-units - so for the smaller multis or single-units it is not a problem.

Hello everyone, I am reaching out to the BP Community for suggestions.My Portfolio100% owner of 7 SFH PropertiesGP in about 30 SFH properties(of which I own somewhere between 25% to 50%)All but two properties are managed by a PM CompanyNet worth of the above is about $2,000,000 - $2,500,000My IssuesI have many SFH's - Which take up time(Currently spending time paying property tax and insurance, requesting quotes on insurance policies and overseeing the PM Company(approve rent increases, approve renovation projects, etc).They also take up head-space(having to remember property addresses, remembering when property taxes are due)(I have reminders/systems but something I would like to reduce)Goals1) Spend less time on Real Estate2) Free up head-space2) Make $240,000 annually from real estate(Which I think is not to hard if I can increase my net worth and can get an 8% return)Possible Solutions1) Sell all the SFH's and buy 4-Unit Properties to take advantage of conventional financing2) Sell all the SFH's and buy one large apartment complex3) Sell al the SFH's and invest in syndications4) Sell all the SFH's and purchase stock / bonds5) Continue to hold all the SFH's6) Any other suggestionsOther Considations1) Should I consider private notes?