Some keys to reducing tenant turnover are: offering units at a value that remains affordable and appealing (below the top of market), keen tenant screening, a solid rental agreement (we favor month-to-month instead of fixed-term leases), respectful communication, ongoing property maintenance, periodic inspections, swift attention to enforcing the terms of the rental agreement if problems arise, and negotiating with tenants to save tenancies when possible or facilitating a smooth move-out plan when that is the best option.

Absolutely breathtaking state of the art home sited on the most magnificent lakefront lot with incredible terraced walkway to private dock with 2 boat lifts and beach!

I think lawmakers should act swiftly to restore ethics in this business, break this monopoly and promote low cost / tech solutions for home owners.

Jonathan Swift. 

I’ve heard of people buying 600k multifamily with around 10k in closing costs  10K on a 600K multifamily seems ridiculously low unless the borrower has a magnificent relationship with the bank doing the loan (meaning deposits that equal the loan amount), walk on water credit and the lender is selling the file with a heavy yield spread. 

@Adam Swift , Yes, I’m including the rent in my unit, that’s the only way I’m seeing any sort of cash flow.

The last thing you want is anyone claiming you took advantage of two sickly senior citizens in their moment of vulnerability.PA means a fairly swift judicial foreclosure and no right of rescission.

Grandpa and Grandma's back yard could become just a launch pad for some truly magnificent adventures.  

You need to investigate the S8 handlers and confirm that they are supportive of the landlords and will act swiftly when issues arise.

Keep that magnificent obsession alive...you're going to need it when times get tough, but never give up...you will succeed!